226 algiers aveLauderdale By The Sea, FL 33308

Description

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