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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.
Listed by and, United Realty Group Inc.

Sold by, United Realty Group Inc.

Property Details of 2317 Nw 6th Street

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All listings featuring the RPBGFL MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Realtors of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc

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