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2399 Sistrunk Blvd

Fort Lauderdale, FL 33311

– beds
– baths
– sqft
9,909 sqft lot
– on site

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

Listing courtesy of GFLR / United Realty Group Inc.

Last checked: Checking… • Last updated Nov 22, 2024 •

MLS# F10468607 —

The Building

Front Exposure:

South
Building Includes:

Well Kept

Financial & Terms

Terms Considered:

Cash, Cryptocurrency, Owner Financing

Location

Directions:

NE corner of Sistrunk Blvd (NW 6th St) & NW 24th Ave. GPS: 2399 NW 6th Street, Fort Lauderdale, FL 33311.

The Property

Lot Frontage:

100
Type of Property:

Residential
Style of Property:

Zoned Multifamily
Property Type:

Residential Land/Boat Docks
Property SqFt:

9,909 Sqft
Location:

Corner Location, County Location
# of Parcels:

2
Parcel Number:

504205010960
Total Acres:

0.2300
Approx Lot Size:

9,909 Sqft
Lot SqFt:

9,909 Sqft
Zoning:

GP-1
Geographic Area:

Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
Surface Description:

Paved Road
Development:

Recorded Plat
Type of Trees:

No Trees
Usage Description:

Check Land Use Plan
Waterfront Property:

No
Miscellaneous Improvements:

Cleared, Fenced, Other, Sidewalk, Street Lights

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Amount:

$2,062

The Listing

Virtual Tour
Deed Restrictions:

No Deed Restrictions
Available Documents:

Survey Available, Topography Map
Auction:

No

Utilities

Utilities Available:

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

No Utilities
Water Description:

Municipal Water
Internet:

Yes

The Community

Subdivision Name:

Washington Park 19-22 B
Subdivision Complex Bldg:

Washington Park 19-22 B

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/28/24 Oct 28, 2024	Listed / Active	GFLR	$749,985

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This plot of land located in River Garden Sweeting Estate, Fort Lauderdale, FL 33311 is currently for sale for $749,985. 2399 Sistrunk Blvd is a – square foot plot of land with – beds and – baths that has been on Estately for 27 days. 2399 Sistrunk Blvd is in the River Garden Sweeting Estate neighborhood of Fort Lauderdale and has a WalkScore® of 56, making it somewhat walkable.

Listing Courtesy of: GFLR and United Realty Group Inc..

Based on information from the GFLR 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. GFLR, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GFLR and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.