733-795 NW 27th Ave, Fort Lauderdale, FL 33311
other 
Built in 1948 
0.33acre lot
—— car garage 
$——/sqft 
Listed 3 months ago
Property Description
SIX FIGURES BELOW MARKET! One of the last corner lots on rapidly developing NW 27 Ave, buildable for 24 residential units. Active comps: $60k-$86k/unit for land; recently sold comps: $42k(disqualified)-$82.5k/unit for land. Subject site: approx $38k/unit. Construction cost: $3.5M+/-; total cost: Under $4.5M; projected value: $7M+: $2.5M+ INSTANT EQUITY. Nearby rents: 1 beds $1.6k-$2.1k: Potential 10%+/- cap rate. Opportunity zone: huge tax benefits. SELLER WILL FINANCE. Eligible for county grant of up to $300k towards construction. Drive 27th & nearby areas: see surge of construction. Minutes from new Walmart plaza, Starbucks, Downtown, I-95, 441, & Turnpike. Site plan for 24 large 1 bed/1 bath units included—customize or design your own. DND tenants. Can also be commercial or mixed-use.
- Listing Status:
- Active
- Date Added:
- February 24, 2025 at 06:00AM
- Listing Office:
- United Realty Group Inc. : (954) 450-2000
- Listing Agent:
- Michael Sheer : (954) 993-6664
- MLS ID:
- F10488707
- Flooring: Other
This listing courtesy of Michael Sheer, United Realty Group Inc.
Location
Schools Nearby
Martin Luther King Elementary School
591 NW 31st Ave, Lauderhill, FL, 33311
Grades PK-5
0.58 miles away
Dillard 6-12 School
2501 NW 11th St, Fort Lauderdale, FL, 33311
Grades 6-12
0.59 miles away
Dillard 6-12 School
2501 NW 11th St, Fort Lauderdale, FL, 33311
Grades 6-12
0.59 miles away
