Active

733-795 NW 27th Ave

Fort Lauderdale FL, 33311

$958,750


$66.64 per sqft

Active

0.33 Acres

Land

One of the last corner lots on rapidly developing NW 27 Ave, buildable for 24 residential units. 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. Active comps: $60k-$86k/unit for land; recently sold comps: $42k(disqualified)-$82.5k/unit for land. Subject property under $40k/unit: six figures below market value. Nearby rents: 1 beds $1.6k-$2.1k. Construction cost: $3.5M+/-; total cost: Under $4.5M; projected value: $7M+: $2.5M+ instant equity. Potential 10%+/- cap rate. Opportunity zone: huge tax benefits. Seller will finance. Eligible for county grant of up to $300k towards construction. Being sold for land value. Call for details

F10483601

MLS ID

February 21, 2025

Listed

February 22, 2025

Updated

Exterior/Building Features

Lot Size

0.33 Acres


Lot Features

1 Acre, Corner Lot


Sewer

Public Sewer

Other Property Details

Area Name

3560


Taxes

$12,073


Tax Frequency

Annually


Days on Market

1


Garage

No


View

No


County

Broward


Water Source

Public


Pool

No


Utilities

Cable Available, Electricity Available, Other, Phone Available, Sewer Available, Trash Collection, Water Available

Listed by: United Realty Group Inc.
Listing Contact:  

All listings featuring the BMLS logo are provided by Association of Palm Beaches. This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by MLS.

©2025 Association of Palm Beaches. All rights reserved. 

Data last updated 1:35 PM UTC, 2/22/2025

 

Powered byLuxury Presence