
733-795 NW 27th Ave Oakland Park, FL 33311
Roosevelt Gardens NeighborhoodEstimated payment $6,347/month
About This Lot
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 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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $12,073
Lot Details
- 0.33 Acre Lot
- East Facing Home
- Paved or Partially Paved Lot
- 3 Lots in the community
- Site Plan Filed
- Property is zoned B-3
Community Details
- Washington Park Third Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 504205060121
- Seller Considering Concessions
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
02/24/2025 02/24/25 | For Sale | $958,750 | 0.0% | $460 / Sq Ft |
02/24/2025 02/24/25 | For Sale | $958,750 | +1.3% | -- |
02/21/2025 02/21/25 | For Sale | $946,250 | -- | -- |
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Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: F10488687

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