2399 Sistrunk Boulevard, Fort Lauderdale, FL 33311
- $600,000
- Sold Price
- $600,000
- List Price
- $749,985
- Days on Market
- 40
- Closing Date
- Jan 15, 2025
- MLS#
- F10468607
- Lot Size
- 9,909
- Subtype
- Unimproved Land
- County
- Broward
- Subdivision
- Washington Park 19-22 B
Property Description
Rare opportunity on rapidly developing Sistrunk Blvd. Drive Sistrunk: see surge of construction. 1/4 acre corner lot. 15 units can be built by right: Land has been entitled. Site plan for 15 large 1 bed/1 bath units. 7-9 of the units can possibly be 1 bed w/dens or 2 bed. Permits have not been pulled. Use site plan, customize or design your own. Recently sold comps in area:$66.7k-$84.5k per unit for land. Active comps in area:$60k-$99k per unit for land. Subject property under $50k per unit; OVER $250k OFF market value. New 1 bed apts nearby rent:$1.6k-$2.3k. New 2 bed apts nearby rent:$2.4k-$3k. Construction cost $2.2M+/-. All in cost:$3M+/-. Value once built:$4M+/-. $1M+/- instant equity. Potential 10%+/- cap rate. Opportunity zone. Huge tax benefits. Seller will finance or joint venture
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Additional Information
- Taxes
- $2,062
- Utilities
- Electricity Available, None, Other, Phone Available, Sewer Available, Trash Collection, Water Available
- Amenities
- Sidewalks
- Acres
- 0.23
Mortgage Calculator
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: MikeSheerRealtor@gmail.com