Fort Lauderdale, FL 33311,2317 NW 6th St
Fort Lauderdale, FL 33311,2317 NW 6th St
Fort Lauderdale, FL 33311,2317 NW 6th St
28
$200,000
$199,997
Est.Price: ?

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5,103 Sqft Lot

2317 NW 6th St Fort Lauderdale, FL 33311

Est. payment /mo
SOLD DATE : 04/03/2024

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Key Details

Sold Price $200,000

Property Type Multi-Family

Sub Type Income/Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Washington Park 19-22 B

MLS Listing ID F10411291

Sold Date 04/03/24

HOA Y/N No

Total Fin. Sqft 5103

Annual Tax Amount $1,385

Tax Year 2023

Lot Size 5,103 Sqft

Property Description

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 bed 6 bath building of residential units are in accordance with current zoning by right; no rezoning or variances required. Total construction cost $500k+/-. Monthly rent per unit based on comps $2,500. Gross annual income $90k+/-. All in cost $699k+/-. $1.25M+/- value once built based on 6%-7% cap rate. Active comps $145k-$225k per unit for land. OVER 50% OFF Market Value. See pics. Buyer has option to make building 3 stories with up to 2,500 sqft of commercial space on second floor. Commercial rent $25-$30/sqft per year. Great opportunity at a big discount. Call today.

Location

State FL

County Broward County

Area Ft Ldale Nw(3390-3400;3460;3540-3560;3720;3810)

Zoning NWRAC-MUw

Exterior

Utilities Available Cable Tv, Electric, Irrigation Water, Other Utilities Available, Phone Line, Sewer

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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BeachesMLS Matrix (RAPB-F prefix)
Listed by United Realty Group Inc.
Bought with LoKation

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Tenisha Williams

CEO | LICENSED REAL ESTATE BROKER | License ID: 3317598

+1(954) 303-8363

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