733-795 NW 27th Ave, Fort Lauderdale, FL 33311

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$958,750

bedrooms

bathrooms

square feet

Acreage

0.33

Open Houses

year built

Full Baths

Half Baths

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SIX FIGURES BELOW MARKET! One of the last corner lots on rapidly developing NW 27 Ave, buildable for 24 residential units. Active comps: $60k-$86k/unit for land; recently sold comps: $42k(disqualified)-$82.5k/unit for land. Subject property under $40k/unit. Construction cost: $3.5M+/-; total cost: Under $4.5M; projected value: $7M+: $2.5M+ INSTANT EQUITY. Nearby rents: 1 beds $1.6k-$2.1k: Potential 10%+/- cap rate. Opportunity zone: huge tax benefits. SELLER WILL FINANCE. Eligible for county grant of up to $300k towards construction. Drive 27th & nearby areas: see surge of construction. Minutes from new Walmart plaza, Starbucks, Downtown, I-95, 441, & Turnpike. Site plan for 24 large 1 bed/1 bath units included—customize or design your own. DND tenants. Can also be commercial or mixed-use.

Location
Subdivision	Washington Park Third Add
County	Broward County
Elementary School	-
Middle School	-
High School	-

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MLS number: F10483601

Listing agent: Michael Sheer #3355952

Listing broker: United Realty Group Inc (954) 450-2000

Last update: Wednesday, March 19 2025 at 2:58 p.m. EDT

Kotohomes National