Basic Information

  • Type Other
  • Status Closed
  • Subdivision/Complex Tuskegee Park 3-9 B
  • Total Sqft 6,342
  • Date Listed 11/04/2022
  • Days on Market 97
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.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description
  • Style Other

Interior Features

  • Adjusted Sqft 6,342Sq.Ft
  • Sqft 6,342 Sq.Ft

Property Features

  • Address 1102 NW 6th St
  • Aprox. Lot Size 6,342
  • Furnished Info no
  • Listing Terms Cash, Owner May Carry
  • HOA Fees $0
  • Subdivision Complex
  • Subdivision Info Tuskegee Park 3-9 B
  • Tax Amount $1,530
  • Tax Legal desc TUSKEGEE PARK 3-9 B LOT 2 LESS RD R/W BLK 3
  • Tax Year 2022
  • Terms Considered Cash, Owner May Carry
  • Type of Property Other

1102 NW 6th St

Fort Lauderdale, FL 33311

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