2399 Sistrunk Blvd Fort Lauderdale, FL 33311
Overview
- Status: Active
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- Parking No info
- Size: 9,909 ft2/920.58 m2
- Price Per: $75.69 ft2/$814.69 m2
- Type: Commercial Land/Lots
- Built: No info
- HOA: No info
- MLS Number: F10463717
- View No info
- On Site: 25 days
- Updated: Listing Refreshed: 23 Days Ago
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
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 10/28/2024 | Listed | $749,985.00 | $75.69 ft2/$814.69 m2 |
Contact Information
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