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Shovel-Ready Townhome Development
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7738 NW 5th St, Plantation, FL 33324

Six 4-bedroom, townhome units in reinforced concrete block construction, with a shovel-ready phase for 11 additional townhomes.

Property Size18,090 SF
Days on Market122

Property Features for 7738 NW 5th St

General Information

Standard status Active
Size 18,090 SF
Property subtype Multifamily, Land
Occupancy 100%

Additional Details

Multifamily Units 6

Amenities

2-car garages
Central air conditioning
high-end fixtures & finishes
large kitchen
stainless steel appliances
spacious master bedroom
oversized laundry room
balcony

Building Details

Year Built 2010
Year Renovated 2019
Construction reinforced concrete block
Listing Agency: Franklin Street Tampa
Listed By: Dan Dratch · License #FL SL3341163
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 11:42PM

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 Franklin Street Tampa

Investment Insights

Based on property information with market context.

Village on 5th is a 6-unit townhome development opportunity built in 2010 with reinforced concrete block construction and a painted stucco exterior. The project was completely finished in 2019 and is currently comprised of six townhomes, totaling approximately 18,090 RSF. The existing mix includes four-bedroom, four-bath units and four-bedroom, five-bath units with a top loft area and balcony.

In addition to the existing 6 townhomes, the property is described as shovel ready for a Phase II expansion to add 11 additional townhomes of similar size and build. The address is 7738 NW 5th St in Plantation, Florida, located on the south side of NW 5th St just east of University Drive. The offering also notes proximity to Plantation Walk and nearby school systems including St. Gregory The Great (PK to 8th grade) and St. Thomas Aquinas High School.

The townhome amenities listed include 2-car garages, central air conditioning, high-end fixtures and finishes, large kitchens with stainless steel appliances, and spacious master bedrooms and baths. The units are also described as having oversized laundry rooms with a sink and cabinetry and ample parking for tenants and guests.

Key Highlights

  • 6‑unit townhome property in Plantation, Broward County, built in 2010 with painted stucco exterior and reinforced concrete block construction.
  • Completed in 2019; consists of four 4‑bedroom/4‑bath units and two 4‑bedroom/5‑bath units with top loft area and balcony.
  • Approx. 18,090 RSF total, with 6 townhomes currently 100% occupied producing positive cash flow.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Food Market Grocery & Convenience Store Daycare Center Nail Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

937
Businesses Nearby

Demographics for 33324, FL

46,766
Population
22,375
Households
2.1
Avg Household Size
41
Median Age
45%
College-Educated
94%
High-School Grad
9.0 sq mi
ZIP Area
5,196
Density / Sq Mi
$83,678
Median Household Income
$45,560
Median Earnings
$2,152
Median Rent
$350,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six 4-bedroom, townhome units in reinforced concrete block construction, with a shovel-ready phase for 11 additional townhomes.
Where is this apartment building located?
The property is located at 7738 NW 5th St Plantation, FL.
What are key features of this property?
This property features: 6‑unit townhome property in Plantation, Broward County, built in 2010 with painted stucco exterior and reinforced concrete block construction.; Completed in 2019; consists of four 4‑bedroom/4‑bath units and two 4‑bedroom/5‑bath units with top loft area and balcony.; Approx. 18,090 RSF total, with 6 townhomes currently 100% occupied producing positive cash flow.
More about this property
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