2317 NW 6th Street, Fort Lauderdale, FL 33311
- $200,000
- Sold Price
- $200,000
- List Price
- $199,997
- Days on Market
- 95
- Closing Date
- Apr 03, 2024
- MLS#
- F10411291
- Lot Size
- 5,103
- County
- Broward
- Subdivision
- Washington Park 19-22 B
Property Description
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.
Additional Information
- Restrict
- CityRestrictions
- Taxes
- $1,385
- Utilities
- Electricity Available, Other, Phone Available, Sewer Available
- Amenities
- Sidewalks
- Acres
- 0.12
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Listing courtesy of United Realty Group Inc.. Contact:
Selling Office: LoKation.
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Michael J Sheer | Email: reaosfl@gmail.com