For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $295,000
Property Type Vacant Land
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Tuskegee Park 3-9 B
MLS Listing ID F10355279
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 NWRAC-MU
Exterior
Waterfront No
Water Access N
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Others
Pets Allowed No
Acceptable Financing Cash, Owner Financing
Listing Terms Cash, Owner Financing
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with United Realty Group Inc.