733-795 NW 27th Ave, Fort Lauderdale FL 33311

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$958,750

733-795 NW 27th Ave, Fort Lauderdale, FL 33311

bedrooms

bathrooms

square feet

2,086

Acreage

Open Houses

year built

1948

Full Baths

Half Baths

Find out more

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. 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. DND tenants. Can also be commercial or mixed-use.

Location
Subdivision	Washington Park Third Add
County	Broward County
Elementary School	-
Middle School	-
High School	-

Exact location data not provided

Driving directions

Open houses

None scheduled.

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MLS number: F10488702

Listing agent: Michael Sheer #3355952

Listing broker: United Realty Group Inc (954) 450-2000

Last update: Monday, February 24 2025 at 7:08 p.m. EST

Kotohomes National