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Income Producing Multifam. Buildable For 26 Units. 30% Off. Seller Finance.
6310 SW 25th St Miramar,
FL 33023
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14064 SQFT MLS# F10377185 | Asking: $897,500 |
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| Rare opportunity to build 26 unit apartment complex in Miramar right off 441 and Miramar Pkwy. Hot rental area. Opportunity zone. Huge tax benefits. Seller had preliminary meeting with city: included plans for 26 unit building are in accordance with current zoning. Permits have not been pulled. Use these plans, customize them, or design your own. Active comps in Broward:$58k-$138k per unit for land. Recently sold comps in Broward:$50k-$59k per unit for land. Subject property under $34.5k per unit; over 30% OFF the low end of market value. New 1 bed apts in Broward County rent:$2.1k-$4k. See pics. Potential for over 15% cap rate conservatively (depending on building cost). Large duplex on the property currently rented: cashflow while pulling pemits, etc. Seller will finance. | ||
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