2399 Sistrunk Boulevard

Fort Lauderdale, FL 33311

$749,985
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Rare opportunity on rapidly developing Sistrunk Blvd. Drive Sistrunk: see surge of construction. 1/4 acre corner lot. 15 units can be built by right: Land has been entitled. Site plan for 15 large 1 bed/1 bath units. 7-9 of the units can possibly be 1 bed w/dens or 2 bed. Permits have not been pulled. Use site plan, customize or design your own. Recently sold comps in area:$66.7k-$84.5k per unit for land. Active comps in area:$60k-$99k per unit for land. Subject property under $50k per unit; OVER...Rare opportunity on rapidly developing Sistrunk Blvd. Drive Sistrunk: see surge of construction. 1/4 acre corner lot. 15 units can be built by right: Land has been entitled. Site plan for 15 large 1 bed/1 bath units. 7-9 of the units can possibly be 1 bed w/dens or 2 bed. Permits have not been pulled. Use site plan, customize or design your own. Recently sold comps in area:$66.7k-$84.5k per unit for land. Active comps in area:$60k-$99k per unit for land. Subject property under $50k per unit; OVER $250k OFF market value. New 1 bed apts nearby rent:$1.6k-$2.3k. New 2 bed apts nearby rent:$2.4k-$3k. Construction cost $2.2M+/-. All in cost:$3M+/-. Value once built:$4M+/-. $1M+/- instant equity. Potential 10%+/- cap rate. Opportunity zone. Huge tax benefits. Seller will finance or joint venture
  1. Listed by Michael Sheer • United Realty Group Inc.
  2. Listed by Wayne Charneco • United Realty Group Inc

Property Details for 2399 Sistrunk Boulevard

Subdivision Name
Washington Park 19-22 B
Waterfront
No
LISTING UPDATED: 10/30/2024 09:56 AM

Property Details for 2399 Sistrunk Boulevard

StatusActive
MLS #F10463717
Days on Market55
Taxes$2,062 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Business/Agricultural/Industrial Land / Income/Multi-Family
Year Built-
Lot Size0.23 AC
CountyBroward County

Building Information for 2399 Sistrunk Boulevard

Building Size-Lot Size0.23 AC

Property Information for 2399 Sistrunk Boulevard

General Information
General Information
  • Township Range: 5042
  • Street Number Numeric: 2399
  • Street Number: 2399
  • Street Name: Sistrunk Blvd
  • County Or Parish: Broward County
  • Postal Code: 33311
  • FolioNum2ndParcel: 504205010970
  • City and Location Text: Fort Lauderdale
  • City Postal ID: 33311
Maintenance / Tax Information
  • Tax Amount: $2,062
  • Tax Year: 2023
Building Information
  • Property Sq Ft: 9909
  • Property Type: Commercial/Business/Agricultural/Industrial Land
  • Style of Property: Unimproved Multi Family (5+Units)
  • Subdivision Complex Bldg: Washington Park 19-22 B
  • Type of Property: Income/Multi-Family
  • MLS Area: 3560
Virtual Tour / Features / Utilities
Exterior
  • Surface Description: Paved Road
Waterfront
  • Water Description: Municipal Water
Utilities
  • On Site Utilities: No Utilities
  • Sewer Description: Public Sanitation
  • Utilities Available: Cable Tv, Electric, Other Utilities Available, Phone Line, Sewer, Trash Removal, Water
Property / Lot Information
Building Information
  • Zoning Information: GP-1
Community Information
  • Property Management: No
Location Information
  • Area: 3560
  • Directions: NE corner of Sistrunk Blvd (NW 6th St) & NW 24th Ave. GPS: 2399 NW 6th Street, Fort Lauderdale, FL 33311.
  • Geographic Area: Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
  • Location: Corner Location, Corner Lot, County Location, Urban Area Development
  • Parcel Number Free Text: 504205010960
  • Section: 5
  • State: FL
Lot Information
  • Approximate Lot Size: 9909
  • Comprehensive Plan Use: Central Urban, Other Plan Use
  • Deed Restrictions: No Deed Restrictions
  • Environmental Audit: None
  • Lot Depth: 100
  • Lot Description: Less Than 1 Acre
  • Lot Frontage: 100
  • Lot Square Footage: 9909.0
  • Total Acreage: 0
  • Usage: Unimproved Multi Family (5+Units)
Multi Family Information
Income Information
  • Gross Scheduled Income: $427,500
  • Inc Exp Statement Period: 12mo

Property History for 2399 Sistrunk Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2399 Sistrunk Boulevard

This home is within Broward.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - PK to 12
Charter - 9 to 12
Rating
School
Distance
Dillard Elementary School
PublicPK to 5

Dillard High School
Public6 to 12

Wingate Oaks Center
PublicPK to 12

Melrose High
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2399 Sistrunk Boulevard is a multi-family home for sale in Fort Lauderdale, FL 33311. This property was listed for sale on October 28, 2024 by United Realty Group Inc., it's currently listed at $749,985. This listing's school district is Broward. Nearby schools include Dillard Elementary School, Dillard High School and Wingate Oaks Center. 2399 Sistrunk Boulevard is a 0-bed, 0-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of United Realty Group Inc.; United Realty Group Inc

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.