FL > Fort Lauderdale > Washington Park 19-22 B
Fort Lauderdale, FL 33311,2399 Sistrunk Blvd
Fort Lauderdale, FL 33311,2399 Sistrunk Blvd
Fort Lauderdale, FL 33311,2399 Sistrunk Blvd
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Greg Marchese

Greg Marchese

+1(954) 888-8289
$749,985
Est. payment /mo
9,909 Sqft Lot
Save

UPDATED:

10/30/2024 01:56 PM

Key Details

Property Type Multi-Family, Commercial

Sub Type Income/Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Washington Park 19-22 B

MLS Listing ID F10463717

HOA Y/N No

Total Fin. Sqft 9909

Annual Tax Amount $2,062

Tax Year 2023

Lot Size 9,909 Sqft

Property Description

Rare opportunity on rapidly developing Sistrunk Blvd. Drive Sistrunk: see surge of construction. 1/4 acre corner lot. 15 units can be built by right: Land has been entitled. Site plan for 15 large 1 bed/1 bath units. 7-9 of the units can possibly be 1 bed w/dens or 2 bed. Permits have not been pulled. Use site plan, customize or design your own. Recently sold comps in area:$66.7k-$84.5k per unit for land. Active comps in area:$60k-$99k per unit for land. Subject property under $50k per unit; OVER $250k OFF market value. New 1 bed apts nearby rent:$1.6k-$2.3k. New 2 bed apts nearby rent:$2.4k-$3k. Construction cost $2.2M+/-. All in cost:$3M+/-. Value once built:$4M+/-. $1M+/- instant equity. Potential 10%+/- cap rate. Opportunity zone. Huge tax benefits. Seller will finance or joint venture

Location

State FL

County Broward County

Area Ft Ldale Nw(3390-3400;3460;3540-3560;3720;3810)

Zoning GP-1

Exterior

Utilities Available Cable Tv, Electric, Other Utilities Available, Phone Line, Sewer, Trash Removal, Water

Waterfront No

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, Cryptocurrency, Joint Venture, Owner Financing

Listing Terms Cash, Cryptocurrency, Joint Venture, Owner Financing

Read Less Info
BeachesMLS Matrix (RAPB-F prefix)
Listed by United Realty Group Inc.

GET MORE INFORMATION

Greg Marchese

+1(954) 888-8289

Agent

Agent

Name

Phone*

Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.