Income Duplex with 8-Unit
For Sale
$747,850
1219 NE 5th Ter, Fort Lauderdale, FL 33304
Partially renovated duplex with separate utilities, plus buildable capacity for eight additional units totaling ten.
Property SizeContact for details
Days on Market55
Property Features for 1219 NE 5th Ter
General Information
Standard status
Active
Property subtype
Commercial
Financials
Cap Rate
10%
Opportunity Zone
Yes
Additional Details
Multifamily Units
10
Building Details
Tenancy
Multi
Listing Agency:
United Realty Group Inc
(954) 214-0548
Listed By:
Wayne C Charneco · License #3355952
(954) 214-0548
Source:
Elliman
Added: Jun 14
Changed: Jul 10
Last Checked: Aug 7 at 1:49AM
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
Investment Insights
Based on property information with market context.
The property is an income-producing duplex featuring two 1-bedroom/1-bath units, with separate water and electric meters. It is partially renovated and includes additional buildable land for expansion. The offering targets a total of ten units, consisting of the existing duplex plus eight new units, and includes an included site plan showing proposed layout, parking, and access.
Located in Fort Lauderdale in the Studio City area, the development plan includes process steps already completed for feasibility. A meeting with the city has been held, and feasibility and zoning compliance have been confirmed, with the provided materials indicating the approach for the additional units.
For buyers seeking an owner-operated or investor-oriented multifamily opportunity, the combination of existing rental income and confirmed development capacity can support flexible underwriting and phasing. The seller is offering financing, and the site is described as being within an Opportunity Zone. Seller-provided projections in the materials indicate a market value around $1.2M for the existing partially renovated duplex plus eight units of buildable land, with an all-in figure around $2M and projected value around $3M+.
Located in Fort Lauderdale in the Studio City area, the development plan includes process steps already completed for feasibility. A meeting with the city has been held, and feasibility and zoning compliance have been confirmed, with the provided materials indicating the approach for the additional units.
For buyers seeking an owner-operated or investor-oriented multifamily opportunity, the combination of existing rental income and confirmed development capacity can support flexible underwriting and phasing. The seller is offering financing, and the site is described as being within an Opportunity Zone. Seller-provided projections in the materials indicate a market value around $1.2M for the existing partially renovated duplex plus eight units of buildable land, with an all-in figure around $2M and projected value around $3M+.
Key Highlights
- Income‑producing duplex with 2 one‑bedroom units, plus separate water & electric meters
- Plans and included site layout for adding 8 units to keep duplex for 10 units total
- Meeting with city held; feasibility and zoning compliance confirmed (per included information)
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,906
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Partially renovated duplex with separate utilities, plus buildable capacity for eight additional units totaling ten.
Where is this duplex located?
The property is located at 1219 NE 5th Ter Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $747,850.
What are key features of this property?
This property features: Income‑producing duplex with 2 one‑bedroom units, plus separate water & electric meters; Plans and included site layout for adding 8 units to keep duplex for 10 units total; Meeting with city held; feasibility and zoning compliance confirmed (per included information)
