Washington Park, 733-795 NW 27th Ave Fort Lauderdale, FL 33311

$958,750Price
2,086SqFt

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Size: 2,086 ft2 / 194 m2
Price: $460 ft2 / $4,947 m2
Built: 1948
MLS Number: F10488702
On Site: 38 Days
Updated: 15 Days ago
Page Views: 0
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 property under $40k/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.

Features

Bedrooms
Bathrooms
Exterior and Lot Features

Price History

02/24/2025

Date

Listed

Event

$958.8K

Price

$460 ft2 / $4,947 m2

Price Per

Price per square foot and days on website are not provided values and are calculated by Subdivisions.

Listed by Michael SheerUnited Realty Group Inc. • Buyer Agency Compensation .

Instant Comparative Market Analysis

$100/ft²
$200/ft²
$400/ft²
$600/ft²

Unit 733-795 NW 27th Ave – Asking

$460/ft²

(+54%) from Closed Medium $/ft²

Closed Medium $/ft²

$298/ft²
Community $/Price Range (Closed) $141/ft² – $447/ft²
No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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