1219 5th #1-2 ,Duplex, Progresso en Venta

1219 5th #1-2 en Venta

Precio $747,850.00

• Tamaño de lote 1053
• Año de construcción 1957
• Frente al agua
• Zip 33304
• Estilo Twin Home, Half Duplex, Twin Homes
• Parking Descripción
• Piscina Yes
• Estado Active

Descripción

Rare opportunity to acquire an income producing duplex (1 Bedroom/1 Bathroom each side) with additional development capacity in Fort Lauderdale's rapidly developing Studio City at over 35% below market value. Located on NE 5th Terrace, less than one block from NE 13th Street, the property is under a 60 second walk from the heart of Studio City: Fort Lauderdale's emerging arts and entertainment district, featuring an eclectic mix of independent businesses like Gulfstream Brewing Co, Lovelee Bakeshop, Radio-Active Records and other popular neighborhood destinations. Situated at the crossroads of Flagler Village & Wilton Manors, the area offers a vibrant, walkable neighborhood experience with a youthful, creative energy often compared to early Wynwood. Surrounded by ongoing new development, the area continues to attract investors & developers who recognize its long term potential. 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 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 with the city has been held; 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 zoning regulations. Land comps:$91k-$117k per unit sold, $129k-$162k per unit active. Active & sold multifamily comps:$200k(not renovated)-$320k(fully 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+ instant equity upon completion. Potential ~10% cap rate. Seller will finance. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.

PROGRESSO 2-18 D LOT 13,14,15 BLK 114

Less Than 1/4 Acre Lot, Less Than 1 Acre

Rare opportunity to acquire an income producing duplex (1 Bedroom/1 Bathroom each side) with additional development capacity in Fort Lauderdale's rapidly developing Studio City at over 35% below market value. Located on NE 5th Terrace, less than one block from NE 13th Street, the property is under a 60 second walk from the heart of Studio City: Fort Lauderdale's emerging arts and entertainment district, featuring an eclectic mix of independent businesses like Gulfstream Brewing Co, Lovelee Bakeshop, Radio-Active Records and other popular neighborhood destinations. Situated at the crossroads of Flagler Village & Wilton Manors, the area offers a vibrant, walkable neighborhood experience with a youthful, creative energy often compared to early Wynwood. Surrounded by ongoing new development, the area continues to attract investors & developers who recognize its long term potential. 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 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 with the city has been held; 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 zoning regulations. Land comps:$91k-$117k per unit sold, $129k-$162k per unit active. Active & sold multifamily comps:$200k(not renovated)-$320k(fully 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+ instant equity upon completion. Potential ~10% cap rate. Seller will finance. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.

City:Fort Lauderdale,Roof:1:Flat Roof With Facade Front,Sewer:1:Public Sanitation,2:Sewer,Zoning:RMM-25,Cooling:1:Wall/Window Unit(s),Country:United States,List A O R:BeachesMLS,Stories:1,Tax Year:2025,Latitude:26.1412955,Cooling Y N:1,Heating Y N:1,List Price:747850,Listing Id:B26033753,Longitude:-80.1388454,Mls Status:Active,Utilities:1:Other Utilities Available,2:Phone Connected,3:Cable Available,4:Electricity Available,5:Other,6:Phone Available,7:Sewer Available,8:Water Available,Year Built:1957,High School:Fort Lauderdale,Living Area:1053,Possession:1:Long Closing Preferred,2:Negotiable,Postal Code:33304,Street Name:5th,Tenant Pays:1:Water,Unit Number:1-2,Coordinates:1:26.1412955,Lot Features:1:Less Than 1 Acre,Photos Count:38,Days On Market:33,Listing Terms:1:Conventional,2:Cryptocurrency,3:Exchange,4:Owner Will Carry,5:Owner Financing less 20K Down,6:Owner Hold 2nd Mortgage,7:Owtb Wrap,Lot Size Acres:0.23,Lot Size Units:Square Feet,M I A M I R E_ Area:3370,M L S Area Major:Progresso,On Market Date:2026-05-28,Parcel Number:494234032080,Property Type:Residential Income,Stories Total:1,Street Number:1219,Street Suffix:Terrace,Public Remarks:Rare opportunity to acquire an income producing duplex (1 Bedroom/1 Bathroom each side) with additional development capacity in Fort Lauderdale's rapidly developing Studio City at over 35% below market value. Located on NE 5th Terrace, less than one block from NE 13th Street, the property is under a 60 second walk from the heart of Studio City: Fort Lauderdale's emerging arts and entertainment district, featuring an eclectic mix of independent businesses like Gulfstream Brewing Co, Lovelee Bakeshop, Radio-Active Records and other popular neighborhood destinations. Situated at the crossroads of Flagler Village & Wilton Manors, the area offers a vibrant, walkable neighborhood experience with a youthful, creative energy often compared to early Wynwood. Surrounded by ongoing new development, the area continues to attract investors & developers who recognize its long term potential. 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 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 with the city has been held; 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 zoning regulations. Land comps:$91k-$117k per unit sold, $129k-$162k per unit active. Active & sold multifamily comps:$200k(not renovated)-$320k(fully 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+ instant equity upon completion. Potential ~10% cap rate. Seller will finance. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.,County Or Parish:Broward County,Documents Count:2,Expiration Date:2027-05-31,List Office Name:United Realty Group Inc.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:4916,Property Sub Type:Duplex,Road Surface Type:1:Paved,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:PROGRESSO,Tax Annual Amount:7203,Unparsed Address:1219 NE 5th Terrace # 2, Fort Lauderdale FL 33304,Elementary School:North Side,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Road Frontage Type:1:Paved Road,Year Built Details:Resale,Building Area Total:1053,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Dimensions:75x135,M I A M I R E_ L P Amt Sq Ft:710.2089,M I A M I R E_ Num Floors:1,M I A M I R E_ Num Meters:4,Original List Price:799997,Previous List Price:799997,Architectural Style:1:Half Duplex,2:Twin Homes,Building Area Source:Appraisal,Documents Available:1:Other Documents Available,I D X Participation Y N:1,Number Of Units Total:2,Property Attached Y N:1,Syndication Remarks:Rare opportunity to acquire an income producing duplex (1 Bedroom/1 Bathroom each side) with additional development capacity in Fort Lauderdale's rapidly developing Studio City at over 35% below market value. Located on NE 5th Terrace, less than one block from NE 13th Street, the property is under a 60 second walk from the heart of Studio City: Fort Lauderdale's emerging arts and entertainment district, featuring an eclectic mix of independent businesses like Gulfstream Brewing Co, Lovelee Bakeshop, Radio-Active Records and other popular neighborhood destinations. Situated at the crossroads of Flagler Village & Wilton Manors, the area offers a vibrant, walkable neighborhood experience with a youthful, creative energy often compared to early Wynwood. Surrounded by ongoing new development, the area continues to attract investors & developers who recognize its long term potential. 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 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 with the city has been held; 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 zoning regulations. Land comps:$91k-$117k per unit sold, $129k-$162k per unit active. Active & sold multifamily comps:$200k(not renovated)-$320k(fully 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+ instant equity upon completion. Potential ~10% cap rate. Seller will finance. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.,Listing Contract Date:2026-05-28,Originating System I D:miamire,Showing Instructions:24 Hour Notice,Appointment Only,Call Listing Agent,Elect Lockbox-Call List Agent,List Agent Must Accompany,Pet On Premises,Text Agent Phone Number,Street Number Numeric:1219,Tax Legal Description:PROGRESSO 2-18 D LOT 13,14,15 BLK 114,M I A M I R E_ Current Price:747850,M I A M I R E_ Owner Agent Y N:1,Middle Or Junior School:Sunrise,Construction Materials:1:Stucco,M I A M I R E_ Num Leases Year:100,M I A M I R E_ Year Installed:1957,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Geographic Area:Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700),M I A M I R E_ Main Living Area:Entry Level,M I A M I R E_ Parcel Number M L X:4942,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Supplement Count:3,Contract Status Change Date:2026-05-28,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:2,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),M I A M I R E_ Subdivision Number:3,M I A M I R E_ Acreage Description:1/4 Acre Or Less,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Num Times Leased Year:100,M I A M I R E_ Agent Alternate Phone:954-993-6664,Internet Entire Listing Display Y N:1,M I A M I R E_ Dade Market Amt Assessed Amt:265430,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:710.21,Internet Automated Valuation Display Y N:1,