2399 Sistrunk Boulevard
$749,985
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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
- Listed by Michael Sheer • United Realty Group Inc.
- Listed by Wayne Charneco • United Realty Group Inc
Property Details for 2399 Sistrunk Boulevard
Subdivision Name
Washington Park 19-22 B
WaterfrontNo
LISTING UPDATED: 10/30/2024 09:56 AM
Property Details for 2399 Sistrunk Boulevard
Status | Active |
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MLS # | F10463717 |
Days on Market | 55 |
Taxes | $2,062 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial/Business/Agricultural/Industrial Land / Income/Multi-Family |
Year Built | - |
Lot Size | 0.23 AC |
County | Broward County |
Building Information for 2399 Sistrunk Boulevard
Building Size-Lot Size0.23 AC
Property Information for 2399 Sistrunk Boulevard
Property History for 2399 Sistrunk Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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