Income Duplex with Development
For Sale
Contact for pricing
1219 NE 5th Terrace # 2 #1-2, Fort Lauderdale, FL 33304
Partially renovated duplex with separate utilities plus confirmed feasibility to add units for a total of 10.
Property Size1,053 SF
Price / SF$617.14
Days on Market149
Property Features for 1219 NE 5th Terrace # 2 #1-2
General Information
Standard status
Active
Size
1,053 SF
Total Parking Spaces
11
Property subtype
Multifamily
Zoning
RMM-25
Financials
Cap Rate
10%
Opportunity Zone
Yes
Site & Location
Neighborhood
Vpca
Additional Details
Multifamily Units
10
Building Details
Year Built
1957
Listing Agency:
United Realty Group Inc.
Listed By:
Michael Sheer · License #3355952
(954) 993-6664
Source:
Crexi
Added: May 29
Changed: Oct 19
Last Checked: Oct 23 at 4:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Realty Group Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale income property consists of a duplex with 2 one-bedroom, one-bath units, and separate water and electric meters. The existing duplex is partially renovated, and the included site plan outlines the proposed layout, parking, and access for additional construction. The plan contemplates keeping the current duplex while adding 8 more units for a 10-unit total.
The property is located in Fort Lauderdale’s Studio City area, with feasibility and zoning compliance confirmed following a meeting with the city. The offering is described as partially renovated duplex plus 8 units of buildable land.
Seller financing is mentioned as available. The property is also identified as being in an Opportunity Zone.
The property is located in Fort Lauderdale’s Studio City area, with feasibility and zoning compliance confirmed following a meeting with the city. The offering is described as partially renovated duplex plus 8 units of buildable land.
Seller financing is mentioned as available. The property is also identified as being in an Opportunity Zone.
Key Highlights
- Income‑producing duplex built in 1957 with 2 units (2 x 1/1s).
- Separate water and electric meters for the existing duplex units.
- Confirmed feasibility with the city to add units on the buildable land for 10 units total.
Property Analytics
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
4,856
Businesses Nearby
Explore this area
Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Partially renovated duplex with separate utilities plus confirmed feasibility to add units for a total of 10.
Where is this duplex located?
The property is located at 1219 NE 5th Terrace # 2 #1-2 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $649,850.
What are key features of this property?
This property features: Income‑producing duplex built in 1957 with 2 units (2 x 1/1s).; Separate water and electric meters for the existing duplex units.; Confirmed feasibility with the city to add units on the buildable land for 10 units total.
