Lease to Own
Address
2850 NE 32nd St Fort Lauderdale, FL
Price
$ 1,999,999
Property Attributes
  • MLS#A11021378
  • TypeLand
  • CountyBROWARD
  • CityFort Lauderdale
  • Area3240
  • NeighborhoodCORAL RIDGE GALT ADD 3
  • Zip33306
  • StyleResidential
  • Taxes$ 5334
  • Price$ 1,999,999
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.55 Acres
Listing Provided Courtesy Of:
Vera Realty LLC
Data Source:
Southeast Florida MLS SEFMLS
Property Description

Prime location and Prime Development Opportunity. Build 10 townhouses in this premium area. 0.54AC lot. Based on feasibilty study the project appears feasible under the market-justified cost and revenue assumptions and with the preliminary development concept in mind. Scenario reflecting preliminary concept drawings achieves levered IRR of 41% with land acquisition price of $ 2,000,000 as indicated by investor. It is recommended to develop parcel simultaneously without phasing the 10 townhouses project.

Price History
3/31/2021 Listed $1,999,999

General Features

Building Features NotApplicable
MLS Area 3240
Property SubType Residential
Property Type Land
Terms Cash, Conventional, LeaseOption

Exterior Features

Covered Spaces 0.0
Lot Size Acres 0.55
Lot Size Area 13802.0
Lot Size Square Feet 13802.0
Lot Size Units SquareFeet
Number of Lots 2
Road Surface Type Paved
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33306

Price
AVG $2M
$2M
Taxes
AVG $5,334
$5,334
Visits
AVG 12
11
Walkscore
AVG 58
58
Data Provided by Walkscore ® not using MLS data

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