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1102 NW 6th St

Fort Lauderdale, FL 33311
  • $297,500
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: F10355293
UPDATED: 37 min ago
$297,500
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

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.

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All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2022 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2022-11-30T20:18:12.463.
www.bettersouthfloridahomes.com/homes/134552850
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1102 NW 6th St Fort Lauderdale, FL 33311

  • Price: $297,500
  • Status: Active
  • On Site: 25 Days
  • Updated: 37 min ago
  • MLS #: F10355293
0
Beds
0
Baths
0
½ Baths
0.15
Acres
Neighborhood:
Tuskegee Park 3-9 B
County:
Broward
Area:
3460
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.
Exterior Features

Approximate Lot Size 6342 Location City Location Lot Description Less Than 1 Acre Style Of Property Unimproved Multi Family (5+Units) Type Of Property Income/Multi-Family Waterfront Property YN No

Property Features

Auction YN No Environmental Audit None Geographic Area Ft Ldale Nw(3390-3400;3460;3540-3560;3720;3810) On Site Utilities Other Utilities Available Possession Information Negotiable Property Sq Ft 6342 REO No Sewer Description Public Sanitation Short Sale No Subdivision Name Tuskegee Park 3-9 B Tax Amount 1530 Tax Year 2022 Terms Considered CashOwner Financing Usage Unimproved Business/CommercialUnimproved Multi Family (5+Units)Other Usage Utilities Available ElectricOther Utilities AvailablePhone LineSewerTrash RemovalUnderground UtilitiesWater Water Description Municipal Water Zoning Information Nw-Racmu

Listing provided courtesy of United Realty Group Inc.: (954) 450-2000. Listing information © 2022 BeachesMLS


All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2022 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2022-11-30T20:18:12.463.
 
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1361 Sawgrass Corporate Parkway #200
Sunrise FL, 33323