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Key Details
Sold Price $95,000
Property Type Vacant Land
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Sun Land Park 25-30 B
MLS Listing ID F10144282
Sold Date 11/13/18
HOA Y/N No
Total Fin. Sqft 5105
Annual Tax Amount $577
Tax Year 2017
Lot Size 5,105 Sqft
Property Description
OVER 50% OFF Market Value! Build up to 4-8 units! Ask me how! Zoned MH in the TOC zone. Build 4-6 stories high! Unlimited density! Build as many units as you can fit! Build mixed use or just multifamily. Multifam lots in the area sell for $25k-$30k per buildable unit. That gives this property a current market value of $200k-$240k. 2/1 units rent for $1,300/mo. New units could rent for $1,500/mo. Potential gross monthly income of up to $12k! $144k/yr! Avg cap rate in Broward is 6.88%. Sell at 6.88% cap for $2M+! You can also build "Micro-Units". Build a tiny building very inexpensively and max out your return on investment. Call Listing Agent to discuss all details; I'm happy to explain.
Location
State FL
County Broward County
Area Hollywood South West (3990;3190)
Zoning MH (TOC)
Exterior
Waterfront No
Water Access N
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Others
Pets Allowed No
Acceptable Financing Cash, Other Terms, Owner Financing
Listing Terms Cash, Other Terms, Owner Financing
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Bought with Florida Realty of Miami Corp
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