HOMES BY DARCI
Southern Key Realty
1219 NE 5th Terrace 1 2 Fort Lauderdale FL 33304
Address
1219 Ne 5th Terrace 1-2, Fort Lauderdale, FL
Price
$ 799,997
Property Attributes
- MLS#B26033753
- TypeSingle Family
- Listing Status Active
- CountyBroward
- CityFort Lauderdale
- Area3370
- NeighborhoodPROGRESSO
- Zip33304
- Style
- Year Built1957
- Taxes$ 7203
- Price$ 799,997
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1053
- Lot Size0.23 Acres
Data Source:
Beaches MLS (FL)
Property Description
Rare opportunity to acquire an income producing duplex (2 1/1s) w/ additional development capacity in Fort Lauderdale's rapidly developing Studio City at OVER 30% OFF market value. Keep the existing duplex (w/separate water & electric meters) & add 8 units for 10 units total. Included site plan shows layout, parking, & access. Meeting with city has been held; feasibility & zoning compliance confirmed. Land comps:$91k-$117k per unit sold, $129k-$162k per unit active. Active & sold multifamily comps:$200k(not renovated)-$320k(renovated) per unit. Subject property: partially renovated duplex + 8 units of buildable land; market value ~$1.2M. 1 bed rents:$1.6k-$2.3k/mo. Build cost ~$1.2M. All in:~$2M. Projected value:$3M+ = $1M+ equity. Potential ~10% cap. Opportunity zone. Seller will finance.
| Elementary School | Middle School | High School |
|---|---|---|
| North Side Elementary School | Sunrise Middle School | Fort Lauderdale High School |
| Price History | |
|---|---|
| 5/28/2026 | Listed $799,997 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | WallFurnace |
| Cooling | CeilingFans,WallWindowUnits |
| Utilities | CableAvailable,ElectricityConnected,Other,PhoneAvailable,SewerConnected,WaterConnected |
| Possession | Negotiable |
| Roof | Flat |
| Patio/Porch Features | Patio,Porch |
| Construction Materials | Block,Stucco |
| Pets Allowed | NoPetRestrictions,Yes |
| Year Built | 1957 |
| Tenant Pays | Electricity,Sewer,Water |
| Stories Count | 1 |
| Levels | One |
| Unit Number | 1-2 |
| Property Subtype | Duplex |
| Tax Year | 2025 |
| Accessibility | None |
| County | Broward |
| New Construction | false |
| Property Type | ResidentialIncome |
| Subdivision Name | PROGRESSO |
| Status | Active |
| High School | Fort Lauderdale |
| City | Fort Lauderdale |
| Disclosures | OwnerIsListingAgent |
| Senior Community Y/N | false |
| Number Of Units Total | 2 |
| MLS Area | 3370 |
| Elementary School | North Side |
| Tax Annual Amount | 7203.21 |
| Middle/Junior High School | Sunrise |
| Property Condition | Resale |
| Virtual Tour | https://www.propertypanorama.com/1219-NE-5th-Terrace-Unit-12-Fort-Lauderdale-FL-33304/unbranded |
| Standard Status | Active |
| Property Sub Type Additional | Duplex |
| PostalCity | Fort Lauderdale |
| Legal Description | PROGRESSO 2-18 D LOT 13,14,15 BLK 114 |
Interior Features
| Flooring | Terrazzo |
|---|---|
| Total Stories | 1 |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Window Features | StormWindows |
Exterior Features
| Exterior Amenities | OutdoorLivingArea,Other |
|---|---|
| Lot Features | LessThanQuarterAcre |
| Water Source | MultipleMeters,Public |
| Total Parking | 6 |
| Lot Size Area | 10018.8 |
| Spa | false |
| Building Area Total | 1053 |
| Lot Dimensions | 75 x 135 |
| Lot Size Acres | 0.23 |
| Road Surface Type | Paved |
| Waterfront Y/N | false |
| Road Responsibility | PublicMaintainedRoad |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33304
Price
Taxes
Year Built
In The Neighborhood
Views
Fort Lauderdale
$ 984,900
1426 Ne 17th Avenue
Fort Lauderdale, FL 33304
- Type
- Single Family
- Size
- 2,051 SqFt
- Rooms
- 4 Beds + 3 Baths
Fort Lauderdale
$ 679,900
1636 Ne 17th Terrace
Fort Lauderdale, FL 33305
- Type
- Single Family
- Size
- 1,140 SqFt
- Rooms
- 3 Beds + 2 Baths
Views
Fort Lauderdale
$ 455,000
1429 N Andrews Avenue
Fort Lauderdale, FL 33311
- Type
- Single Family
- Size
- 1,000 SqFt
- Rooms
- 0 Beds + 0 Baths
Fort Lauderdale
$ 1,025,000
1412 Ne 15th Avenue
Fort Lauderdale, FL 33304
- Type
- Single Family
- Size
- 2,107 SqFt
- Rooms
- 3 Beds + 3 Baths
Fort Lauderdale
$ 735,000
1645 Ne 16th Avenue
Fort Lauderdale, FL 33305
- Type
- Single Family
- Size
- 1,742 SqFt
- Rooms
- 4 Beds + 3 Baths
Primary On Main
Fort Lauderdale
$ 625,000
1236 Ne 13th Avenue
Fort Lauderdale, FL 33304
- Type
- Single Family
- Size
- 1,067 SqFt
- Rooms
- 3 Beds + 2 Baths
Views
Fort Lauderdale
$ 580,000
1421 Nw 7th Terrace
Fort Lauderdale, FL 33311
- Type
- Single Family
- Size
- 2,214 SqFt
- Rooms
- 4 Beds + 2 Baths
Fort Lauderdale
$ 599,000
1437 Nw 4th Avenue
Fort Lauderdale, FL 33311
- Type
- Single Family
- Size
- 1,638 SqFt
- Rooms
- 3 Beds + 3 Baths
Reduced
Fort Lauderdale
$ 950,000
730 Nw 4th Avenue
Fort Lauderdale, FL 33311
- Type
- Single Family
- Size
- 2,792 SqFt
- Rooms
- 0 Beds + 0 Baths
New Construction
Fort Lauderdale
$ 2,249,999
1413 Ne 17th Way
Fort Lauderdale, FL 33304
- Type
- Single Family
- Size
- 2,923 SqFt
- Rooms
- 4 Beds + 4.5 Baths
Fort Lauderdale
$ 899,000
1039 N Victoria Park Road 1-3
Fort Lauderdale, FL 33304
- Type
- Single Family
- Size
- 1,971 SqFt
- Rooms
- 4 Beds + 3 Baths
Primary On Main
Fort Lauderdale
$ 949,000
1043 N Victoria Park Road 1-2
Fort Lauderdale, FL 33304
- Type
- Single Family
- Size
- 1,498 SqFt
- Rooms
- 4 Beds + 4 Baths
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