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…
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Last updated Oct 31, 2024
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MLS# F10468607 —
The Building
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Front Exposure:South
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Building Includes:Well Kept
Financial & Terms
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Terms Considered:Cash, Cryptocurrency, Owner Financing
Location
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Directions:NE corner of Sistrunk Blvd (NW 6th St) & NW 24th Ave. GPS: 2399 NW 6th Street, Fort Lauderdale, FL 33311.
The Property
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Lot Frontage:100
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Type of Property:Residential
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Style of Property:Zoned Multifamily
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Property Type:Residential Land/Boat Docks
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Property SqFt:9,909 Sqft
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Location:Corner Location, County Location
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# of Parcels:2
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Parcel Number:504205010960
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Total Acres:0.2300
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Approx Lot Size:9,909 Sqft
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Lot SqFt:9,909 Sqft
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Zoning:GP-1
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Geographic Area:Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
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Surface Description:Paved Road
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Development:Recorded Plat
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Type of Trees:No Trees
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Usage Description:Check Land Use Plan
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Waterfront Property:No
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Miscellaneous Improvements:Cleared, Fenced, Other, Sidewalk, Street Lights
Listing Agent
- Contact info:
- Agent phone:
- (954) 993-6664
- Office phone:
- (954) 450-2000
Taxes
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Tax Year:2023
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Tax Amount:$2,062
The Listing
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Deed Restrictions:No Deed Restrictions
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Available Documents:Survey Available, Topography Map
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Auction:No
Utilities
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Utilities Available:Cable Tv, Electric, Other Utilities Available, Phone Line, Sewer, Trash Removal, Water
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On Site Utilities:No Utilities
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Water Description:Municipal Water
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Internet:Yes
The Community
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Subdivision Name:Washington Park 19-22 B
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Subdivision Complex Bldg:Washington Park 19-22 B
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/28/24
Oct 28, 2024
|
Listed / Active | GFLR | $749,985 |