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$199,997
Rare opportunity on rapidly developing sistrunk blvd. drive sistrunk: see surge of construction. opportunity zone. huge tax benefits. seller will finance. potential cra funding. included sketch for 6 unit building of 4 1 bed residential units & 2 ground level commercial units are in accordance with current zoning by right; no rezoning or variances required. build 400 sqft 1 bedroom units to keep costs low. total construction cost $525k+/-. monthly rent per unit based on comps $1,750. commercial rent $25-$30/sqft per year. gross annual income $110k+/-. all in cost $725k+/-. $1.5m+/- value once built based on 6%-7% cap rate. active comps $145k-$225k per unit for land. recently sold comps $50k-$113k per unit for land. see pics. subject property approx $33k per unit; over 35% off market value.Gelfand Realty Miami Properties for Sale - Commercial for Sale
Back 2317 NW 6TH ST, FORT LAUDERDALE, FL 33311
Commercial - Washington Park 19-22 B for Sale
2317 NW 6TH ST, FORT LAUDERDALE, FL 33311
Description
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