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1219 NE 5th Terrace, Fort Lauderdale, FL 33304

Fort Lauderdale
Local realty services provided by:CENTURY 21 Beggins Enterprises
1219 NE 5th Terrace,Fort Lauderdale, FL 33304
$799,997
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  • 0.23 Acres
  • Lots / Land
  • Active
Listed by: michael j sheer, wayne c charneco
Office: united realty group inc.
MLS#:B26033788
Source:RMLS

Price summary

  • Price:$799,997

About this home

Rare opportunity to acquire an income producing duplex w/confirmed 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.

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Home facts

  • Listing ID #:B26033788
  • Added:1 day(s) ago
  • Updated:May 28, 2026 at 06:03 PM

Structure and exterior

  • Lot area:0.23 Acres

Schools

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

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$799,997
  • Tax amount:$7,203 (2025)
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