Build 5 Apartments or Condos on This Piece of Land!
2681 SW 7th St
Fort Lauderdale, FL
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% rules 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 property value will be worth over $800,000 based on cap rate. Up to buyer and buyers agent to do your own diligence. Survey and soil test attached.