1219 NE 5th Terrace, Fort Lauderdale, FL 33304

Fort Lauderdale
Local realty services provided by:Reliant Realty ERA Powered
1219 NE 5th Terrace,Fort Lauderdale, FL 33304
$679,850
Virtual Tour
  • 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:$679,850

About this home

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 40% 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 code and...

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Home facts

  • Subdivision & Development:PROGRESSO
  • Listing ID #:B26033788
  • Added:125 day(s) ago
  • Updated:October 01, 2026 at 03:54 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:$679,850
  • Tax amount:$7,203 (2025)
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