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Buy a houseat 6310 SW 25th St, Miramar, FL 33023

$975,000

$0/mo

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Land

379 Days on market

F10377174 MLS ID

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About 6310 SW 25th St house

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. See pics. Subject property under $37.5k per unit; over 25% 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.
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. See pics. Subject property under $37.5k per unit; over 25% 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.

Property details

House

Other Bldg Incl

Well Kept

Water

Municipal Water

Location

County: Broward County

Subdivision: Miami Gardens Estates Sec

MLS Area: 3190

Lot

Total Acreage: 0.32

14,064 sqft

Property

14,064 sqft

Front Exposure: North

Sewer

Municipal Sewer

Taxes

Amount: $6,850

Year: 2022

Utilities

Cable Tv

Electric

Irrigation Water

Other Utilities Available

Phone Line

Sewer

Monthly cost

Estimated monthly cost

$6,319/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$916,500

+$29,250

$945,750

Seller agent commission$29,250 (3%)*

$0 (0%)

Buyer agent commission$29,250 (3%)*

$29,250 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $29,250 more selling your home
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Unreal Estate checked: May 3, 2024 at 9:52 p.m.

Data updated: Jun 12, 2023 at 1:14 p.m.

Courtesy of United Realty Group Inc.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed.
Listing Information © 2024 BeachesMLS, Inc. All Rights Reserved.

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