Homes for sale - 2399 Sistrunk Blvd, Fort Lauderdale, FL 33311

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Michael Alcantara

michael@aresbrokerage.com +1(786) 207-4969

$ 749,985

Est. payment -/mo

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2399 Sistrunk Blvd Fort Lauderdale, FL 33311

9,909 Sqft Lot

UPDATED:

10/30/2024 01:56 PM

Key Details

Property Type Multi-Family, Commercial

Sub Type Income/Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Washington Park 19-22 B

MLS Listing ID F10463717

HOA Y/N No

Total Fin. Sqft 9909

Annual Tax Amount $2,062

Tax Year 2023

Lot Size 9,909 Sqft

Property Description

Rare opportunity on rapidly developing Sistrunk Blvd. Drive Sistrunk: see surge of construction. 1/4 acre corner lot. 15 units can be built by right: Land has been entitled. Site plan for 15 large 1 bed/1 bath units. 7-9 of the units can possibly be 1 bed w/dens or 2 bed. Permits have not been pulled. Use site plan, customize or design your own. Recently sold comps in area:$66.7k-$84.5k per unit for land. Active comps in area:$60k-$99k per unit for land. Subject property under $50k per unit; OVER $250k OFF market value. New 1 bed apts nearby rent:$1.6k-$2.3k. New 2 bed apts nearby rent:$2.4k-$3k. Construction cost $2.2M+/-. All in cost:$3M+/-. Value once built:$4M+/-. $1M+/- instant equity. Potential 10%+/- cap rate. Opportunity zone. Huge tax benefits. Seller will finance or joint venture

Location

State FL

County Broward County

Area Ft Ldale Nw(3390-3400;3460;3540-3560;3720;3810)

Zoning GP-1

Exterior

Utilities Available Cable Tv, Electric, Other Utilities Available, Phone Line, Sewer, Trash Removal, Water

Waterfront No

Water Access N

Private Pool No

Building

Lot Description Less Than 1 Acre

Sewer Public Sanitation

Water Municipal Water

Others

Pets Allowed No

Acceptable Financing Cash, Cryptocurrency, Joint Venture, Owner Financing

Listing Terms Cash, Cryptocurrency, Joint Venture, Owner Financing

Listed by United Realty Group Inc.

Michael Alcantara

Broker | License ID: 3440115

+1(786) 207-4969

Michael Alcantara

2399 Sistrunk Blvd Fort Lauderdale, FL 33311

Key Details

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Exterior

Building

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2399 Sistrunk Blvd