FL > Fort Lauderdale > Washington Park 19-22 B
Fort Lauderdale, FL 33311,2399 Sistrunk Blvd
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Fort Lauderdale, FL 33311,2399 Sistrunk Blvd
Fort Lauderdale, FL 33311,2399 Sistrunk Blvd
Fort Lauderdale, FL 33311,2399 Sistrunk Blvd
Fort Lauderdale, FL 33311,2399 Sistrunk Blvd
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Alan Olem

Alan Olem

+1(954) 854-7678
$ 749,985
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2399 Sistrunk Blvd Fort Lauderdale, FL 33311

9,909 Sqft Lot

UPDATED:

10/30/2024 01:56 PM

Key Details

Property Type Multi-Family, Commercial

Sub Type Income/Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Washington Park 19-22 B

MLS Listing ID F10463717

HOA Y/N No

Total Fin. Sqft 9909

Annual Tax Amount $2,062

Tax Year 2023

Lot Size 9,909 Sqft

Property Description

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

Location

State FL

County Broward County

Area Ft Ldale Nw(3390-3400;3460;3540-3560;3720;3810)

Zoning GP-1

Exterior

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

Waterfront No

Water Access N

Private Pool No

Building

Lot Description Less Than 1 Acre

Sewer Public Sanitation

Water Municipal Water

Others

Pets Allowed No

Acceptable Financing Cash, Cryptocurrency, Joint Venture, Owner Financing

Listing Terms Cash, Cryptocurrency, Joint Venture, Owner Financing

BeachesMLS Matrix (RAPB-F prefix)
Listed by United Realty Group Inc.

Alan Olem

Advisor | License ID: 3348595

+1(954) 854-7678

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2399 Sistrunk Blvd