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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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2360 NW 6 St , Fort Lauderdale, FL 33311
$1,000,000
Est. Payment: $2,222.22/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 127
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RALE02 - 3503748
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House Description

Rare development opportunity in the rapidly growing Sistrunk Blvd corridor! Two adjacent lots under the same ownership are offered together for sale. The corner lot at 2360 NW 6th St is approximately 9,909 SF, and the neighboring lot at 2317 NW 6th St is approximately 5,103 SF, totaling about 15,012 SF. This assemblage offers excellent multifamily and mixed-use development potential in one of Fort Lauderdale’s fastest-growing redevelopment areas. Conceptual plans may allow a modern 3-story multifamily project with up to 15 large 1-bedroom units with dens designed for today’s rental market. Nearby luxury rental projects continue driving area growth, with comparable 1-bedroom rentals leasing around $2,200-$2,500 per month depending on unit size and amenities. Based on projected rents, estimated gross annual rental income for a completed 15-unit project could range from approximately $396,000-$450,000 before expenses. Estimated construction costs may range from approximately $225-$300 per SF depending on design, parking, finishes, and construction type. Zoned NWRAC-MUw for multifamily and mixed-use development, the property is surrounded by redevelopment, luxury rentals, and new construction projects. Conveniently located minutes from Downtown Fort Lauderdale, Las Olas, Brightline, I-95, shopping, dining, entertainment, and Fort Lauderdale beach. Located in an Opportunity Zone with potential long-term investment benefits.

Highlights

Listed by Nilufer Ucler , 702-208-0065 LoKation , 954-545-5583.

Property Type

Vacant Land

Lot/Acreage
0.23

County

Broward

Area

3560

Neighborhood

Washington Park

Listing ID

A12015207

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Water:Public

Exterior Features

Lot:<1 Acre
Lot Dimensions:100x100
Zoning:NWRAC-MUw
Sewer:Public Sewer
Principal Interest
$2,222
Taxes
$289

Home Price

$1,000,000

Loan Details

30 yrs
%

Down Payment

20%
$200,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,222.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,222.22 $288.92 $0.00 $2,511.14
Yearly $26,666.67 $3,467.00 $0.00 $30,133.67
Total $800,000.00 $104,010.00 $0.00 $904,010.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Fort Lauderdale, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.