HOMES BY DARCI
Southern Key Realty
1219 NE 5th Terrace 1 2 Fort Lauderdale FL
Address
1219 Ne 5th Terrace 1-2, Fort Lauderdale, FL
Price
$ 799,997
Property Attributes
- MLS#B26033810
- TypeSingle Family
- Listing Status Active
- CountyBroward
- CityFort Lauderdale
- Area3370
- Zip
- 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.
| Price History | |
|---|---|
| 5/28/2026 | Listed $799,997 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | WallFurnace |
| Cooling | CeilingFans,WallWindowUnits |
| Utilities | CableConnected,ElectricityConnected,PhoneConnected,SewerConnected,WaterConnected |
| Possession | Negotiable |
| Roof | Shingle |
| Security Features | Other |
| Construction Materials | Block,Stucco |
| Year Built | 1957 |
| Electric | SeparateMeters |
| Tenant Pays | Water |
| Unit Number | 1-2 |
| Property Subtype | MultiFamily |
| Tax Year | 2025 |
| Accessibility | AccessibilityFeatures |
| County | Broward |
| Property Type | CommercialSale |
| Status | Active |
| City | Fort Lauderdale |
| Disclosures | OwnerIsListingAgent |
| MLS Area | 3370 |
| Tax Annual Amount | 7203.21 |
| Virtual Tour | https://www.propertypanorama.com/1219-NE-5th-Terrace-Unit-12-Fort-Lauderdale-FL/unbranded |
| Standard Status | Active |
| Property Sub Type Additional | MultiFamily |
| 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 |
Exterior Features
| Fencing | Wood |
|---|---|
| Parking Features | Assigned,AccessibleParking,Covered,Guest |
| Lot Features | LessThanQuarterAcre |
| Water Source | MultipleMeters,Public |
| Total Parking | 11 |
| Lot Size Area | 10129 |
| Building Area Total | 1053 |
| Lot Size Acres | 0.23 |
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
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