Land in Fort Lauderdale, FL 33311Washington Park, 2317 NW 6th St
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Closed
$200,000
0.12
AcreStatus
Sold - Apr 03, 2024
Size
0.12 Acres (474 m2)
Price
$1,666,667/Acre ($422/m2)
Type
Land
MLS Number
F10411291
On Site
1019 Days
Updated
886 Days ago
Page Views
0
Rare opportunity on rapidly developing Sistrunk Blvd. Drive Sistrunk: see surge of construction. Opportunity zone. Huge tax benefits. Seller will finance. Potential CRA funding. Included sketch for 6 bed 6 bath building of residential units are in accordance with current zoning by right; no rezoning or variances required. Total construction cost $500k+/-. Monthly rent per unit based on comps $2,500. Gross annual income $90k+/-. All in cost $699k+/-. $1.25M+/- value once built based on 6%-7% cap rate. Active comps $145k-$225k per unit for land. OVER 50% OFF Market Value. See pics. Buyer has option to make building 3 stories with up to 2,500 sqft of commercial space on second floor. Commercial rent $25-$30/sqft per year. Great opportunity at a big discount. Call today.
Features
All features
- Approx SqFt Total Area: 5103
- Property SqFt: 5103
- Remarks: Rare opportunity on rapidly developing Sistrunk Blvd. Drive Sistrunk: see surge of construction. Opportunity zone. Huge tax benefits. Seller will finance. Potential CRA funding. Included sketch for 6 bed 6 bath building of residential units are in accordance with current zoning by right; no rezoning or variances required. Total construction cost $500k+/-. Monthly rent per unit based on comps $2, 500. Gross annual income $90k+/-. All in cost $699k+/-. $1.25M+/- value once built based on 6%-7% cap rate. Active comps $145k-$225k per unit for land. OVER 50% OFF Market Value. See pics. Buyer has option to make building 3 stories with up to 2, 500 sqft of commercial space on second floor. Commercial rent $25-$30/sqft per year. Great opportunity at a big discount. Call today.
- Internet Remarks: Rare opportunity on rapidly developing Sistrunk Blvd. Drive Sistrunk: see surge of construction. Opportunity zone. Huge tax benefits. Seller will finance. Potential CRA funding. Included sketch for 6 bed 6 bath building of residential units are in accordance with current zoning by right; no rezoning or variances required. Total construction cost $500k+/-. Monthly rent per unit based on comps $2, 500. Gross annual income $90k+/-. All in cost $699k+/-. $1.25M+/- value once built based on 6%-7% cap rate. Active comps $145k-$225k per unit for land. OVER 50% OFF Market Value. See pics. Buyer has option to make building 3 stories with up to 2, 500 sqft of commercial space on second floor. Commercial rent $25-$30/sqft per year. Great opportunity at a big discount. Call today.
- Waterfront: No info
- Directions: South
- Days on Market: 95
- Closing Date: 2024-04-03
- Compass Point: NW
- Office Name: United Realty Group Inc.
- Area: 5103
- Taxes: 1385
- Tax Year: 2023
- Listing Date: 2023-11-27T12:39:19.000-00:00
- Lot Size Square Feet: 5103
Apples-to-Apples Comparables
Price History
Current
$200K
High
$200K
Low
$200K
Total Change
0%Date
Event
Price
Change
Price Per
04/03/2024
Sold
$200K
0%$39 ft2
$422 m2
11/27/2023
Listed
$200K
 $39 ft2
$422 m2
04/03/2024
$200K
Event
Sold
Change
0%Price Per
$39 ft2
$422 m2
11/27/2023
$200K
Event
Listed
Price Per
$39 ft2
$422 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Michael Sheer • United Realty Group Inc. • Buyer Agency Compensation .
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Scores
62
100
53
100
77
100
0
100
29
100
1
100
Community Snapshot
2 – 5 BR
Bedrooms
$150K – $1M
Price Tier
360 - 9,423
SqFt Range
1979
Year Build
1
Total Floors
Subdivision Amenities
None
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