$200,000
$199,997
For more information regarding the value of a property, please contact us for a free consultation.
5,103 Sqft Lot
SOLD DATE : 04/03/2024
Key Details
Sold Price $200,000
Property Type Vacant Land
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Washington Park 19-22 B
MLS Listing ID F10410973
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
Waterfront No
Water Access N
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Sewer Municipal Sewer
Water Municipal Water
Others
Pets Allowed No
Acceptable Financing Cash, Owner Financing
Listing Terms Cash, Owner Financing
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with LoKation
Get More Information