PRIME REDEVELOPMENT OPPORTUNITY IN THE HEART OF LAUDERDALE BY THE SEA! BUILD YOUR DREAM HOME A FEW BLOCKS FROM ANGLIN SQUARE "DOWNTOWN" LBTS INCLUDING RESTAURANTS, NIGHTLIFE, SHOPS & QUAINT BEACH. OVERSIZED 75 X 110 LOT WITH PLANS INCLUDED FOR 2-STORY COASTAL-INSPIRED HOME WITH 4 BRs, 4.5 BAs & OVER 4,200 SQ FT UNDER ROOF & POOL. CURRENTLY THERE IS AN EXISTING HOME WITH 3 BRs & 2 BAs ON PARCEL THAT IS RENTED OUT AT A RATE OF $4,500 PER MONTH GENERATING INCOME WHILE FINALIZING CONSTRUCTION PLANS & PERMITTING. THIS PURCHASE PRICE INCLUDES PERMITS & FEES. BUILDING COSTS ARE APPOXIMATELY 1.3 MILLION TO 1.5 MILLION DEPENDING FINISHES & SOIL TESTS. NEW CONSTRUCTION HOMES IN AREA SELL FOR 980.00 PER FOOT. LAUDERDALE BY THE SEA IS A LIFESTYLE EVENT EVERYDAY IN THIS BEACHSIDE TOWN! GC READY TO BLD
Additional Details
Address226 Algiers Ave
Bedrooms4
Bathrooms (full)4
Bathrooms (half)1
Price$1,398,000
CityLauderdale By The Sea
Garage Spaces3
Lot Size8,254
MLS #F10361955
Property TypeSingle Family
Year Built1955
Property ClassSingle Family
Type of PropertyPool Only
StyleTwo Story, Split Level
StatusActive-Available
Pets Allowed?Yes
Has Pool?Yes
ViewGarden View, Pool Area View
SubdivisionSilver Shores Sec Of Laud
School Information
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