$649,900
Active
1d
$649,900
645 2nd
Fort Lauderdale, FL 33311
2 bd2.5 ba1,640 sqft
Progresso
$799,9971 days on marketActive
1219 NE 5th Terrace 1-2, Fort Lauderdale, FL 33304
Fort Lauderdale, FL 33304
1,053
Sq Ft
$760
$/Sq Ft
1957
Year Built
0.23 acres
Lot Size
Listing Snapshot
| List Price | $799,997 |
| Price / Sq Ft | $760 |
| Beds | 0 |
| Baths | 0 |
| Living Area | 1,053 sqft |
| Lot Size | 0.23 acres |
| Year Built | 1957 |
| Property Tax | $7,203.21/yr |
| MLS # | 1170288641 |
| Status | Active |
| Days on Market | 1 |
About This Home
Rare opportunity to acquire an income producing duplex (2 1/1s) w/ additional development capacity in Fort Lauderdale's rapidly developing Studio City at OVER 30% OFF market value. Keep the existing duplex (w/separate water & electric meters) & add 8 units for 10 units total. Included site plan shows layout, parking, & access. Meeting with city has been held; feasibility & zoning compliance confirmed. Land comps:$91k-$117k per unit sold, $129k-$162k per unit active. Active & sold multifamily comps:$200k(not renovated)-$320k(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+ equity. Potential ~10% cap. Opportunity zone. Seller will finance.
General Features
- Property Type
- ResidentialIncome
- Sub-type
- Duplex
- Stories
- 1
- Parking Spaces
- 6
- Zoning
- RMM-25
- Utilities
- CableAvailable,ElectricityConnected,Other,PhoneAvailable,SewerConnected,WaterConnected
- Subdivision
- PROGRESSO
Interior Features
- Flooring
- Terrazzo
- Heating
- WallFurnace
- Cooling
- CeilingFans,WallWindowUnits
- Window Features
- StormWindows
Exterior Features
- Construction
- Block,Stucco
- Exterior Features
- OutdoorLivingArea,Other
- Roof
- Flat
- Lot Features
- LessThanQuarterAcre
- Patio / Porch
- Patio,Porch
- Pool
- No
- Waterfront
- No
Community Features
- MLS Area
- 3370
Schools
ElementaryNorth Side
MiddleSunrise
HighFort Lauderdale
Map
Virtual Tour
View Virtual TourListed by Michael Sheer · United Realty Group Inc.
MLS# 1170288641 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
MLS# 1170288641 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
Interested in this home?
Schedule a showing or ask a question — buyer representation is free.
Estimate Your Payment
$
20% down · Loan: $639,997
%
Est. Monthly$4,966
Principal & Interest$4,366
Property Tax$600
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.
Similar Homes
More homes in Fort Lauderdale
$599,999
Active
$599,999
835 17th
Fort Lauderdale, FL 33304
2 bd2.5 ba1,629 sqft
Progresso
$685,000
Active
1d
$685,000
3326 19th
Fort Lauderdale, FL 33312
4 bd3 ba2,084 sqft
Riverland Village Sec One
$610,000
Active
$610,000
1805 Dixie #1805
Fort Lauderdale, FL 33305
3 bd2 ba1,370 sqft
Lauderdale Park 6-33 1/2
$799,997
Active
1d
$799,997
1219 5th
Fort Lauderdale, FL 33304
0 sqft
Progresso
$699,500
Active
$699,500
4530 36th
Fort Lauderdale, FL 33319
4 bd2.5 ba1,960 sqft
Pine Cone Estates