SIX FIGURES BELOW MARKET! One of the last corner lots on rapidly developing NW 27 Ave, buildable for 24 residential units. Active comps: $60k-$86k/unit for land; recently sold comps: $42k(disqualified)-$82.5k/unit for land. Subject property under $40k/unit. Construction cost: $3.5M+/-; total cost: Under $4.5M; projected value: $7M+: $2.5M+ INSTANT EQUITY. Nearby… Read More rents: 1 beds $1.6k-$2.1k: Potential 10%+/- cap rate. Opportunity zone: huge tax benefits. SELLER WILL FINANCE. Eligible for county grant of up to $300k towards construction. Drive 27th & nearby areas: see surge of construction. Minutes from new Walmart plaza, Starbucks, Downtown, I-95, 441, & Turnpike. Site plan for 24 large 1 bed/1 bath units included—customize or design your own. DND tenants. Can also be commercial or mixed-use. Read Less
Courtesy of United Realty Group Inc.
Listing Snapshot
Days Online
40
Last Updated
Property Type
Fourplex
Square Ft.
2,086
Year Built
1948
MLS Number
F10488702
30 Days Snapshot Of 33311
$471k
+7%
(avg) sold price
24
+60%
homes sold
100
-4%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
2,086 sq ft living area, Built in 1948, Cbs Construction
Floors
Other Floors
Lot
1/4 To Less Than 1/2 Acre Lot
Parking
27 parking spaces
Property
Style: Fourplex, Cable available
Roof
Flat Tile Roof
Sewer
Municipal Sewer
Taxes
Amount: $12,073, Year: 2023
Utilities
Has separate meter
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