$200,000
$199,997
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5,103 Sqft Lot
SOLD DATE : 04/03/2024
Key Details
Sold Price $200,000
Property Type Multi-Family
Sub Type Income/Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Washington Park 19-22 B
MLS Listing ID F10411291
Sold Date 04/03/24
HOA Y/N No
Total Fin. Sqft 5103
Annual Tax Amount $1,385
Tax Year 2023
Lot Size 5,103 Sqft
Property Description
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.
Location
State FL
County Broward County
Area Ft Ldale Nw(3390-3400;3460;3540-3560;3720;3810)
Zoning NWRAC-MUw
Exterior
Utilities Available Cable Tv, Electric, Irrigation Water, Other Utilities Available, Phone Line, Sewer
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, Owner Financing
Listing Terms Cash, Owner Financing
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