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$749,985
2 Days Online

2399 Sistrunk Blvd
Fort Lauderdale, FL 33311

For Sale|Multi Family|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt

Built
Subdivision:
Washington Park 19-22 B
County:
Broward

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2399 Sistrunk Blvd2399 Sistrunk Blvd2399 Sistrunk Blvd2399 Sistrunk Blvd
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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

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Listing Snapshot
Price 
$749,985
Days Online 
2 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.23 Acres
Year Built 
N/A
MLS® Number 
F10463717
Status 
Active
Property Tax 
$2,062
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 days agoListing first seen online
3 days agoListing updated with changes from the MLS®
General Features
Acres 
0.23
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Utilities 
Cable AvailableElectricity AvailableOtherPhone AvailableSewer AvailableWater Available
Water Source 
Public
Zoning 
GP-1
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Exterior Features
Lot Features 
Corner Lot
Community Features
Financing Terms Available 
CashOwner May Carry
MLS Area 
3560
Roads 
Paved
Listing courtesy of United Realty Group Inc.



All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2024 BeachesMLS, Inc. (a Flex MLS feed)
Last updated at: 2024-10-15 07:32 PM UTC

Neighborhood & Commute
Source: Walkscore
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