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Listed price in listed location currency (USD).
$799,997

000

MLS® B26033788

  • Key Facts
  • Description
  • Map

Key Facts

Type Unimproved Land
Levels Land
Size -
Garage 
Taxes $7,203
Days Active 0
Lot Size 
Approx. Age 
MLS® Number B26033788

Property Address: 1219 Ne 5th Ter, Fort Lauderdale, FL, 33304-4916

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® NumberB26033788
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 28, 2026List Date
$799,997List Price
  • Commute

Commute

Starting Address
Destination Address
1219 Ne 5Th Ter, Fort Lauderdale, FL

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