Rare opportunity to build 26 unit apartment complex in miramar right off 441 and miramar pkwy. hot rental area. opportunity zone. huge tax benefits. seller had preliminary meeting with city: included plans for 26 unit building are in accordance with current zoning. permits have not been pulled. use these plans, customize them, or design your own. active comps in broward:$58k-$138k per unit for land. recently sold comps in broward:$50k-$59k per unit for land. subject property is under $30k per unit; over 40% off the low end of market value. new 1 bed apts in broward county rent:$2.1k-$4k. see pics. potential for over 15% cap rate conservatively (depending on building cost). large duplex on the property currently rented: cashflow while pulling pemits, etc. seller will finance.
* MLS is not responsible for the accuracy of the information listed above.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the MLS and is provided here for consumers` personal, non-commercial use.
It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
Data provided is deemed reliable but not guaranteed.
Copyright MLS All rights reserved.
Courtesy of One Sotheby's International Realty