Basic Information

  • MLS # F10410973
  • Type Other
  • Status Closed
  • Subdivision/Complex Washington Park 19-22 B
  • Total Sqft 5,103
  • Date Listed 11/27/2023
  • Days on Market 128
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 25-30sqft per year. Great opportunity at a big discount. Call today.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description
  • Style Other

Interior Features

  • Adjusted Sqft 5,103Sq.Ft
  • Sqft 5,103 Sq.Ft

Property Features

  • Address 2317 NW 6th St
  • Aprox. Lot Size 5,103
  • Furnished Info no
  • Listing Terms Cash, Owner May Carry
  • HOA Fees $0
  • Subdivision Complex
  • Subdivision Info Washington Park 19-22 B
  • Tax Amount $1,385
  • Tax Legal desc WASHINGTON PARK 19-22 B LOT 18 LESS S 10 FOR RD RW BLK 5
  • Tax Year 2023
  • Terms Considered Cash, Owner May Carry
  • Type of Property Other

2317 NW 6th St

Fort Lauderdale, FL 33311

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