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Key Details
Sold Price $295,000
Property Type Multi-Family
Sub Type Income/Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Tuskegee Park 3-9 B
MLS Listing ID F10355293
Sold Date 02/09/23
HOA Y/N No
Total Fin. Sqft 6342
Annual Tax Amount $1,530
Tax Year 2022
Lot Size 6,342 Sqft
Property Description
Rare opportunity on rapidly developing Sistrunk Blvd. Drive Sistrunk: see surge of construction. Opportunity zone. Huge tax benefits. Potential to receive hundreds of thousands from CRA. Included plans for 6 unit building: 5 2 bed residential units 1 ground level commercial unit. Seller had preliminary meeting with city: plans are in accordance with zoning. Permits have not been pulled. Use these plans, customize them, or design your own. Active comps in area:$108.9k-$225k per unit for land. Recently sold comps in area:$72k-$120k per unit for land. See pics. Subject property under $50k per unit; approx 50% OFF market value. New 2 bed apts on Sistrunk rent:$2.3-$2.8k. Commercial space:$25-30/sqft per year. Potential 10%-25% cap rate depending on building cost and CRA $. Seller will finance.
Location
State FL
County Broward County
Area Ft Ldale Nw(3390-3400;3460;3540-3560;3720;3810)
Zoning NW-RACMU
Exterior
Utilities Available Electric, Other Utilities Available, Phone Line, Sewer, Trash Removal, Underground Utilities, 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, Owner Financing
Listing Terms Cash, Owner Financing
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Bought with United Realty Group Inc.