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1219 NE 5th Terrace #1-2, Fort Lauderdale, FL 33304

Fort Lauderdale
Local realty services provided by:CENTURY 21 Move With Us
1219 NE 5th Terrace #1-2,Fort Lauderdale, FL 33304
$649,850
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  • - Beds
  • - Baths
  • 1,053 sq. ft.
  • Multi-family
  • Active
Listed by: michael sheer, wayne c charneco
Office: united realty group inc.
MLS#:B26033753
Source:FL_RAMC

Price summary

  • Price:$649,850
  • Price per sq. ft.:$617.14

About this home

45% OFF: This is how to generate great returns in today's market while protecting your downside. Acquire an income producing duplex (1 Bedroom/1 Bathroom each side) with additional development capacity (the right to build 8 more units) in Fort Lauderdale's rapidly developing Studio City at over 45% below market value. This property should not be viewed solely as a duplex or solely as a land play; the true value is in both. The existing duplex (that is fairly renovated and has separate water & electric meters) can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 10 units, without tearing down the current structure. The included site plan shows viable layout, parking, & access. A preliminary development meeting has been held with the city; representatives from every relevant department (planning, zoning, engineering, landscape, etc) were present and confirmed that the site plan is feasible and compliant with current...

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Home facts

  • Year built:1957
  • Subdivision & Development:PROGRESSO
  • Listing ID #:B26033753
  • Added:60 day(s) ago
  • Updated:October 31, 2026 at 09:30 PM

Rooms and interior

  • Flooring:Terrazzo
  • Living area:1,053 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fans, Wall/Window Unit(s)
  • Heating:Wall Furnace

Structure and exterior

  • Roof:Flat Tile
  • Year built:1957
  • Building area:1,053 sq. ft.
  • Construction Materials:Block, Concrete
  • Levels:1 Story

Schools

  • High school:Fort Lauderdale
  • Middle school:Sunrise
  • Elementary school:North Side

Finances and disclosures

  • Price:$649,850
  • Price per sq. ft.:$617.14
  • Tax amount:$7,203 (2025)
MLS LogoThe data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor<REGISTERED_LOGO> Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than CENTURY 21 Move With Us are marked with the IDX logo (Broker Reciprocity) or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.

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