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