2399 Sistrunk Blvd, Fort Lauderdale, FL 33311
Priced at Only: $749,985
Would you like to sell your home before you purchase this one?
- MLS#: F10468607 ( Residential Land/Boat Docks )
- Street Address: 2399 Sistrunk Blvd
- Viewed: 1
- Price: $749,985
- Price sqft: $0
- Waterfront: No
- Year Built: Not Available
- Bldg sqft: 0
- Days On Market: 26
- Additional Information
- County: BROWARD
- City: Fort Lauderdale
- Zipcode: 33311
- Subdivision: Washington Park 19 22 B
- Building: Washington Park 19 22 B
- Provided by: United Realty Group Inc.
- Contact: Michael Sheer
- (954) 450-2000
- DMCA Notice
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
Payment Calculator
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Features
Building and Construction
- Front Exposure: South
- Surface Description: Paved Road
Property Information
- Styleof Property: Zoned Multifamily
- Typeof Property: Residential
Land Information
- Lot Depth: 100
- Lot Frontage: 100
- Lot Sq Footage: 9909
- Subdivision Name: Washington Park 19-22 B
- Total Acreage: 0.2300
Eco-Communities
- Environmental Audit: None
- Typeof Trees: No Trees
- Water Description: Municipal Water
Utilities
- On Site Utilities: No Utilities
- Utilities Available: Cable Tv, Electric, Other Utilities Available, Phone Line, Sewer, Trash Removal, Water
Finance and Tax Information
- Dade Assessed Amt Soh Value: 55920
- Dade Market Amt Assessed Amt: 55920
- Tax Year: 2023
Other Features
- Available Documents: Survey Available, Topography Map
- Board Identifier: BeachesMLS
- Comprehensive Plan Use: Central Urban, Other Plan Use
- Deed Restrictions: No Deed Restrictions
- Development: Recorded Plat
- Folio Num 2 Nd Parcel: 504205010970
- Geographic Area: Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
- Legal Description: WASHINGTON PARK 19-22 B LOT 17 LESS W1/2 LESS PAR 103 IN CA 70-6028 FOR RD BLK 5 & WASHINGTON PARK 19-22 B LOT 16 LESS RD DESC IN OR 4260/72
- Location: Corner Location, County Location
- Miscellaneous Improvements: Cleared, Fenced, Other, Sidewalk, Street Lights
- Parcel Number Mlx: 0970
- Parcel Number: 504205010960
- Possession Information: Negotiable
- Usage Description: Check Land Use Plan
- Usage: Unimproved Multi Family (5+Units)
- Zoning Information: GP-1
Contact Info
- John DeSalvio, REALTOR ®
- Office: 954.470.0212
- Mobile: 954.470.0212
- jdrealestatefl@gmail.com
