2681 SW 7th St

    Fort Lauderdale, FL 33312
    • $159,900
    • STATUS: Active
    • ON SITE: 73 days
    • MLS #: F10149394
    UPDATED: 59 min ago
    $159,900
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:
    Area:

    School Ratings & Info

    Description

    Builders Dream! Money in this land! Here you have an opportunity to build a 5plex or more! Several options of building! Opportunity is knocking! Build 5 units on this lot or order a severance and build higher! If you build 5 Units. Average Rent is $1.245 Per unit. 5 X $1,245 = $6225. Base on the 10% rule the property is valued at $622,500!! NOT Including equity from the area! Buy lot for $159,900, build for $200,000 = $365,000!! Instant Equity of over $265,000!!! One can argue that the property value will be worth over $800,000 based on cap rate and area.Up to buyer and buyers agent to do your own diligence. Survey and soil test attached.

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    Listing information © 2019 Greater Fort Lauderdale REALTORS®, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS or Green Realty Properties. Data last updated: 2019-01-22T18:18:08.35.
    www.welovesouthflorida.com/homes/89280190

    2681 SW 7th St Fort Lauderdale, FL 33312

    • Price: $159,900
    • Status: Active
    • Updated: 59 min ago
    • MLS #: F10149394
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    Neighborhood:
    Last Chance Village
    County:
    Broward
    Area:
    3570
    Property Description
    Builders Dream! Money in this land! Here you have an opportunity to build a 5plex or more! Several options of building! Opportunity is knocking! Build 5 units on this lot or order a severance and build higher! If you build 5 Units. Average Rent is $1.245 Per unit. 5 X $1,245 = $6225. Base on the 10% rule the property is valued at $622,500!! NOT Including equity from the area! Buy lot for $159,900, build for $200,000 = $365,000!! Instant Equity of over $265,000!!! One can argue that the property value will be worth over $800,000 based on cap rate and area.Up to buyer and buyers agent to do your own diligence. Survey and soil test attached.
    Exterior Features

    Approximate Lot Size 10000 Front Exposure South Miscellaneous Improvements Other Style Of Property Zoned Multifamily Type Of Property Other Type Of Trees Other Trees Waterfront Property YN No

    Property Features

    Development Undeveloped Geographic Area Ft Ldale Sw (3470-3500;3570-3590) Possession Information Other Property Sq Ft 10000 REO No Short Sale No Subdivision Name Last Chance Village Tax Amount 544 Tax Year 2018 Terms Considered CashConventionalFha Usage Description Other Usage Zoning Information Rm25

    This listing is courtesy of Bank On It Realty.


    Listing information © 2019 Greater Fort Lauderdale REALTORS®, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS or Green Realty Properties. Data last updated: 2019-01-22T18:18:08.35.
     
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