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

Acreage

0.33

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year built

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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	-

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MLS number: F10483601

Listing agent: Michael Sheer #3355952

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

Last update: Monday, February 24 2025 at 3:38 p.m. EST

Kotohomes National