Search for Real Estate Property in South Florida

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

$747,850

Virtual Tour

https://www.propertypanorama.com/1219-NE-5th-Terrace-Unit-12-Fort-Lauderdale-FL/unbranded

77e193040114f71104f772c17be9b9b9-uncropp

Property Type: Commercial Sale Square Footage: 1,053 Status: Active

Current Price: $747,850 List Date: 5/28/2026 Last Modified: 6/16/2026

Overview

Description

Rare opportunity to acquire income-producing duplex (2 1/1s) w/ additional development capacity in Fort Lauderdale's rapidly developing Studio City at over 30% below 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.

Listing Details MLS# B26033810

General Property Information

Property Sub Type: Multi Family
Building Area Main: 1053
Building Area Source: Appraiser
Adjusted Area Main: 1053
Year Built: 1957
Parking Total: 11
Lot Size Area: 10129
Lot Size Acres: 0.23
Accessibility Features YN: Yes
Stories Total: Yes

Property Features

Documents Available: Copy Of Lease(s); Existing Survey; Site Plans Electric: Separate Meters Fencing: Wood Flooring: Terrazzo Heating: Window/Wall Parking Features: Accessible Parking; Assigned; Covered; Guest Possession: Negotiable Sale Includes: Building; Fixtures; Land; Leases Special Listing Conditions: Standard Tenant Pays: Water Construction Materials: CBS; Concrete Block - With Stucco; Stucco Cooling: Ceiling Fan(s); Wall/Window Unit(s) Listing Terms: 1031 Exchange; Cash; Conventional; Cryptocurrency; Owner Will Carry; Private Financing Available; Trade Roof: Shingle Security Features: Other Sewer: Public Sewer Utilities: Cable Connected; Electricity Connected; Phone Connected; Sewer Connected; Water Connected Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Listing Agent Must Accompany; Schedule Online Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 799997
Negotiable Seller Concessions YN: Yes
Listing Service: Full Service
Seller Represented YN: Yes

Location and Legal

Country: United States
County Or Parish: Broward
Street Number: 1219
Street Direction Prefix: NE
Street Name: 5th
Street Suffix: Terrace
Unit Number: 1-2
Municipality Type: Incorporated
State Or Province: FL
Postal Code: 33304
Postal Code +4: 4916
Area: 3370
Geographic Area: FTNE - Ft Lauderdale NE (3240-3270;3350-3380;3440-3450;3700)
Parcel Number: 494234032080
Subdivision Number: 3
Zoning: RMM-25
Flood Zone: AE
Property Description: MULTIFAMILY

Financial Information

Tax Annual Amount: 7203.21
Tax Year: 2025
Tax Assessed/SOH Value: 265430
Tax Legal Description: PROGRESSO 2-18 D LOT 13,14,15 BLK 114
Assessor Market Value: 450800

Status Change Information

Major Change Timestamp: 2026-06-16T16:52:45Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-06-16T16:52:45Z
Status Change Date: 2026-05-28

More Information

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 2
Separate Gas Meters YN: No
Separate Water Meters YN: Yes
Number Of Separate Water Meters: 2
Number Of Meters Total: 4

Unit Details

Number Of Units Leased: 2

Description of Unit Type 1

Unit Type: 1 Bedroom
Full Baths: Yes
Annual Rent: 18000

Description of Unit Type 2

Unit Type: 1 Bedroom
Full Baths: Yes
Annual Rent: 16200

Originating Details

Originating System Key: 20260528155814366790000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Electric

Separate Meters: Yes

Flooring

Terrazzo: Yes

Parking Features

Accessible Parking: Yes
Assigned: Yes
Covered: Yes
Guest: Yes

Special Listing Conditions

Standard: Yes

Documents Available

Copy Of Lease(s): Yes
Existing Survey: Yes
Site Plans: Yes

Fencing

Wood: Yes

Tenant Pays

Water: Yes

Possession

Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Connected: Yes
Electricity Connected: Yes
Phone Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Heating

Window/Wall: Yes

Sale Includes

Building: Yes
Fixtures: Yes
Land: Yes
Leases: Yes

Construction Materials

CBS: Yes
Concrete Block - With Stucco: Yes
Stucco: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes
Cryptocurrency: Yes
Owner Will Carry: Yes
Private Financing Available: Yes
Trade: Yes

Roof

Shingle: Yes

Security Features

Other: Yes

Water Source

Public: Yes

Cooling

Ceiling Fan(s): Yes
Wall/Window Unit(s): Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Call Listing Agent: Yes
Listing Agent Must Accompany: Yes
Schedule Online: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes
Less Than 1 Acre Lot: Yes

Documents

Survey ›

Site Plan ›

Offering Memorandum ›

Listing Office: United Realty Group Inc.

Last Updated: June - 16 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.