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1009 NE 17th Court, Fort Lauderdale
$660,000
3 Beds ⋅ 3 Baths ⋅ A12109183 MLS
Excellent Investment Opportunity! Discover this beautifully maintained and updated duplex featuring two spacious, income-producing units, units being used as an Airbnb. This turnkey property offers a desirable mix of a 1-bedroom, 1-bath unit and a 2-bedroom, 2-bath unit, each tastefully renovated and meticulously maintained. Both residences feature the convenience of their own washer and dryer. Enjoy a generous outdoor space complete with a large yard, deck, and dedicated BBQ area, perfect for relaxing or entertaining. Additional highlights include five on-site parking spaces and a fantastic location. An exceptional opportunity to own a move-in-ready, income-producing property with plenty of appeal!

1009 NE 17th Court, Fort Lauderdale

3621 SW 23RD Street, Fort Lauderdale
$660,000
4 Beds ⋅ 2 Baths ⋅ B26091364 MLS
Beautifully updated 4-bedroom, 2-bathroom single-family home in Fort Lauderdale's desirable Riverland neighborhood with a private pool and NO HOA! This move-in-ready home features an oversized primary bedroom, tasteful updates, and major system improvements including a 2020 roof, primary AC (2020), secondary AC (2023), and water heater (2023). The spacious backyard is perfect for entertaining and enjoying the South Florida lifestyle, featuring a sparkling pool and low-maintenance turf. With no HOA restrictions, there is ample flexibility for boat or RV storage. Conveniently located near downtown Fort Lauderdale, major highways, shopping, dining, and the beach. A fantastic opportunity to own a well-maintained home with the space, updates, pool, and freedom buyers are looking for!

3621 SW 23RD Street, Fort Lauderdale

2490 Andros Lane, Fort Lauderdale
$659,000
3 Beds ⋅ 2 Baths ⋅ B26064506 MLS ⋅ Lauderdale Isles BLDG.
RENOVATED 2026 — TURNKEY IN LAUDERDALE ISLES. Everyone who has walked through this one has fallen for it. Just minutes from the marina, downtown Fort Lauderdale, FLL and the beaches, this boating-neighborhood home has been fully reimagined: new roof, new central A/C, two remodeled bathrooms, new flooring throughout, and fresh paint inside and out. The kitchen is the centerpiece — Italian cabinetry carried through to the closets — opening onto a bright, open layout built for entertaining. Impact windows already in place. No HOA. 3 bedrooms, 2 baths, 1,282 sq ft on an oversized 9,296 sq ft lot — more than 7 times the living area, with room for a boat or trailer and parking for several cars. Vacant and easy to show — schedule your private showing today. Offered at $659,000. Move-in ready after a complete 2026 renovation: new roof, new central A/C, new tile flooring throughout, two fully renovated bathrooms, Italian-designed kitchen with matching custom closets, and a new impact-rated front door. Quiet, tree-lined street about 500 feet from the marina. Oversized 9,296 sq ft lot with room for a boat or trailer. No HOA. About 15 minutes to FLL airport and the beaches.

2490 Andros Lane, Fort Lauderdale

4280 Galt Ocean Drive Unit 2K, Fort Lauderdale
$659,000
2 Beds ⋅ 2 Baths ⋅ A11970960 MLS ⋅ Plaza South BLDG.
Welcome to this ocean view 2bed/2bath condo in the luxury Plaza South building. This spacious 2nd floor beachfront condo has 1,650 sq ft of space with a private large balcony on the south side. A semi-private elevator leads to this updated residence that feels more like a house. Upon entering this condo through the double doors is a view of the beautiful pool deck and ocean. Enjoy a spacious dining & living room area with tile floor & newly installed floor to ceiling hurricane windows to enjoy the view from. There is generous closet space in both bedrooms, all new hurricane windows & separate laundry area with full-size washer & dryer. This luxury beachfront building has resort style amenities including: 24-hour doorperson, state-of-the-art exercise room, sauna, infinity saltwater pool, social room with chef's kitchen & a game room. Includes 1 assigned garage parking space. Immediate leasing ok, min 3 months, once a year. No pets. This ocean view condo is rented until June 2027, so you can buy at today's prices and collect rent until June 2027. Living on Galt Ocean Drive is a lifestyle investment in one of South Florida's convenient Luxury beachfront communities, close to: stores, restaurants, golf, tennis, museums & more. Listing is subject to errors, changes, & omissions without notice, information in this listing is not warranted or guaranteed & must be confirmed by buyer.

4280 Galt Ocean Drive Unit 2K, Fort Lauderdale

1812 SW 9th Street, Fort Lauderdale
$656,500
3 Beds ⋅ 3 Baths ⋅ B26039018 MLS
This Desirable Riverside Park Gem with Great Income Track Record features 3beds/3baths, pool and great location. Currently operating as an active and certified Airbnb, this property is ideal for investors or primary residence seekers due to its great upkeep and location. The roof was replaced in 2019, and the home features newer AC, water heater, electrical panel and High-impact Windows/Doors. Enjoy the Outdoor Oasis with a newly resurfaced swimming pool surrounded by Italian Travertine pavers and the big backyard perfect for relaxation and entertaining. This property is close to the Port, Downtown FLL, Las Olas, FLL Airport and major highways. With just a 15-minute drive to the Hard Rock Hotel and Casino, this is truly the ultimate vacation spot.

1812 SW 9th Street, Fort Lauderdale

936 Intracoastal Drive Unit 4F, Fort Lauderdale
$655,000
2 Beds ⋅ 2 Baths ⋅ A12092571 MLS
Experience the ultimate South Florida lifestyle in this updated waterfront condo directly on Fort Lauderdale's premier Intracoastal Waterway! Step inside this spacious and beautifully maintained unit from your semi private elevator and lobby. The generous floor plan flows seamlessly out to a large, open balcony. Relax while taking in panoramic, front-row views of the renowned waterway and passing boats. Positioned on the Intracoastal side and yet you are just a short walking distance to the beach. Shopping and dining options galore. Additionally, the unit features in-unit laundry, porcelain flooring, and impact windows and doors. The Corinthian offers guarded entry and lobby, large fully equipped gym, sauna, library and party room. Head upstairs to experience one of the best rooftop pools and views in all of Fort Lauderdale, offering 360-degree vistas of the city and coast. Buy with absolute peace of mind: the building is meticulously maintained and boasts fully funded reserves. Perfect as a primary residence or a coastal getaway. Being sold furnished.

936 Intracoastal Drive Unit 4F, Fort Lauderdale

435 N Andrews Avenue Unit 401, Fort Lauderdale
$650,000
2 Beds ⋅ 2 Baths ⋅ B26088483 MLS ⋅ Avenue Lofts Building 2 BLDG.
Rare creative opportunity in FAT Village. This light-filled corner loft boasts impressive 18-foot ceilings and an extra tier of windows, creating incredible volume and natural brightness throughout. Previously used as an office, the flexible layout features high-quality doors and solid room dividers that can be modified to create a sleek residential loft with a customized home office or third sleeping space. Building amenities include a rooftop pool, fitness center, BBQ area, and covered parking with EV charging capability. Unmatched location situated half a block to the exciting new FAT Village retail and dining complex and two blocks to the Brightline Train. Bring your vision to life in one of the neighborhood's most versatile spaces. Pet friendly building allows 2 pets any size.

435 N Andrews Avenue Unit 401, Fort Lauderdale

517 SW 7th Avenue Unit 7, Fort Lauderdale
$650,000
3 Beds ⋅ 3 Baths ⋅ B26070415 MLS
Welcome to your dream townhome in vibrant Tarpon River, in the heart of Fort Lauderdale! This move-in ready home sits in a gated community offering security and peace of mind. 3 Bedrooms, 2.5 baths, 1-car garage. Renovated open kitchen with quartzite countertops, stainless steel appliances & ample storage. All bedrooms upstairs. Master suite features a walk-in closet & partially renovated en-suite bath with walk-in shower & spa tub. Additional highlights: metal roof, tankless water heater, wood floors, accordion shutters. Backyard faces the community's tennis & pickleball courts. Minutes from downtown FTL, beach and airport, with great shopping & dining nearby. HOA covers insurance, water, sewer, trash, heated pool, landscaping, community dockage. Schedule your private showing today!

517 SW 7th Avenue Unit 7, Fort Lauderdale

6740 NW 26TH Avenue, Fort Lauderdale
$650,000
3 Beds ⋅ 2 Baths ⋅ B26065423 MLS ⋅ Palm Aire Village BLDG.
Great Fort Lauderdale opportunity with NO HOA! Large lot with an oversized heated pool and offers an array of outdoor amenities. Features include 2 updated bathrooms, a 2 car garage, 3 year old A/C system, 3 year old tankless water heater, and approximately 10 year old roof. The expansive outdoor area includes a covered screened patio and separate pergola , ideal for entertaining and enjoying South Florida living year round. A large air conditioned storage unit provides valuable additional space. The property also features well water and a full house generator hookup. No HOA and no association fees. Great Fort Lauderdale opportunity with NO HOA! This 3 bedroom, 2 bathroom home sits on a large lot with an oversized heated pool and offers an array of outdoor amenities. Features include 2 updated bathrooms, a 2 car garage, 3 year old A/C system, 3 year old tankless water heater, and approximately 10 year old roof. The expansive outdoor area includes a covered screened patio and separate pergola , ideal for entertaining and enjoying South Florida living year round. A large air conditioned storage unit provides valuable additional space. The property also features well water and a full house generator hookup. No HOA and no association fees.

6740 NW 26TH Avenue, Fort Lauderdale

1608 NE 14TH Terrace, Fort Lauderdale
$650,000
3 Beds ⋅ 2 Baths ⋅ B26057477 MLS ⋅ Poinsettia Heights BLDG.
Stunning renovated mid-century modern ranch home in the desirable Poinsettia Heights neighborhood. This 3 bedroom, 2 bath home offers a blend of classic architectural character and modern improvements. Major upgrades include complete low-E hurricane-impact windows and doors, a brand-new metal roof, new HVAC system, new ductwork with modern vents, new stucco and exterior paint, new gutters, and a new hurricane-rated storage shed. Enjoy South Florida living with both a screened-in patio and an open sitting area overlooking the spacious, fenced backyard. A 12-foot privacy hedge creates a peaceful outdoor retreat, with plenty of room to add a pool, entertain guests, or store recreational toys and equipment. Ideally located next to downtown Las Olas, dining, shopping, entertainment, & beaches.

1608 NE 14TH Terrace, Fort Lauderdale

1321 NE 5th Terrace, Fort Lauderdale
$650,000
3 Beds ⋅ 3 Baths ⋅ A12042854 MLS ⋅ Progresso BLDG.
SELLER CONCESSION OF $6500 TOWARDS BUYERS CLOSING COSTS AND PREPAID ITEMS!!! AND PRICE REDUCED!!!! IF YOU ARE DREAMING ON LIVING ON THE EAST SIDE, WITH NO HOA, AND A GREAT LOCATION CLOSE TO EVERYTHING, THIS IS THE HOME FOR YOU !!! THIS SPACIOUS, UPGRADED THREE BEDROOM, TWO AND A HALF BATHROOM IN PROGRESSO HAS IT ALL !!! CHEFS DREAM KITCHEN WITH NEW STAINLESS STEEL REFRIGERATOR, STOVE, DISHWASHER, MICROWAVE, GRANITE COUNTERS AND PLENTY OF CABINETS. OPEN AREA TO LIVING/DINING COMBO WITH HUGE SLIDERS TO THE FENCED IN BACKYARD AND DECK. BEAUTIFUL WOODEN STAIRCASE WITH WROUGHT IRON FEATURES LEAD TO THE THREE HUGE BEDROOMS – PRIMARY ENSUITE HAS LARGE WALK IN CLOSET AND SITTING AREA, DUAL SINKS IN BATHROOM, TOILET CLOSET AND ENORMOUS TWO HEADED WALK IN SHOWER!!! OTHER BEDROOMS ARE CONNECTING WITH SECOND BATHROOM FEATURING TUB/SHOWER COMBO. FULL SIZE NEW WASHER AND DRYER. HALF BATH FIRST FLOOR. ONE CAR GARAGE. BRAND NEW AC UNIT AND ARTIFICIAL TURF FOR MAINTENANCE FREE BACKYARD. ALARM SYSTEM. IMPACT WINDOWS THROUGHOUT. CLOSE TO EVERYTHING FORT LAUDERDALE HAS TO OFFER INCLUDING RESTAURANTS, SHOPPING, AND DOWNTOWN NIGHT LIFE. THIS ONE IS WAITING FOR YOU – SCHEDULE YOUR SHOWING TODAY BEFORE SOMEONE ELSE DOES !!! BRING ALL OFFERS!!!

1321 NE 5th Terrace, Fort Lauderdale

512 NW 23rd Avenue, Fort Lauderdale
$649,999
4 Beds ⋅ 3 Baths ⋅ A12075488 MLS
Welcome Home! New Construction single family turnkey paradise. Everything Brand New! New roof, A/C, water heater, boasts 4 Bedrooms, 3 Bathrooms. Cozy living space with a freshly painted interior and exterior, plenty of natural lighting, 10 ft high ceilings, impact windows, and doors. Quartz kitchen countertop, stunning open floor plan kitchen with stainless appliances, washer & dryer, newly installed flooring. Relax the day away in your newly bathroom with modem features. Nice backyard for entertaining. Close to major highways, airports, beaches, shopping, restaurants, & entertainment. No HOA! This Home Won't Last Long! Receive up to $10,000 seller credit towards closing costs with full asking price ofter.

512 NW 23rd Avenue, Fort Lauderdale

610 W Las Olas Boulevard Unit 1013n, Fort Lauderdale
$649,999
2 Beds ⋅ 2 Baths ⋅ B26046402 MLS ⋅ The Symphony BLDG.
Bright 10th-floor NW corner residence at The Symphony with 2 bedrooms, 2 baths, a split-bedroom layout & covered wraparound terrace showcasing New River, downtown, city & sunset views. A welcoming foyer opens to spacious living & dining areas, where floor-to-ceiling glass & sliding doors fill the residence with natural light while creating a seamless connection to the terrace. The open layout offers comfortable space for everyday living, dining & entertaining, with the terrace extending the living area outdoors. Marble flooring flows through the kitchen, living areas, hallway & primary suite, while the guest suite features bamboo flooring, a custom walk-in closet & adjacent bath. Kitchen features Italian cabinetry, granite countertops, stainless steel appliances, breakfast bar, pantry, upgraded lighting, ample workspace & stacked front-loading washer/dryer. The primary suite offers its own walk-in closet, dual granite vanities, oversized soaking tub & separate glass-enclosed shower. A bright corner layout, generous outdoor space & beautiful river, skyline & sunset views complete this special residence. Located directly on the New River & Riverwalk in downtown Fort Lauderdale, The Symphony offers full-service waterfront living moments from everything Las Olas Boulevard has to offer, including dining, boutique shopping, galleries, entertainment & nightlife. The Broward Center for the Performing Arts, Brightline & Fort Lauderdale-Hollywood International Airport are all conveniently accessible. Residents & guests arrive through a palm-lined entrance & grand two-story lobby with a staffed front desk, 24-hour attended security, valet service & on-site management. Fitness & wellness amenities include a fully equipped fitness center with cardio & strength-training equipment, free weights, a dedicated yoga & stretching studio, indoor whirlpool spa, sauna & on-site salon. The resort-style pool deck includes a heated pool, outdoor spa, cabanas, sunbathing areas, landscaped green space & shaded seating. A separate poolside entertaining area features an outdoor kitchen with grill, bar seating & ice maker, creating a comfortable setting for relaxed gatherings & waterfront entertaining. Residents can also enjoy a private theater room, wine room, club room, billiards room, card room, conference room, business center & resident library. The Symphony's private residential marina & waterfront promenade extend along the New River, with marina slips available for lease or purchase, subject to availability. Direct Riverwalk access makes it easy to enjoy downtown Fort Lauderdale & everything Las Olas has to offer from this premier riverfront setting.

610 W Las Olas Boulevard Unit 1013n, Fort Lauderdale

2017 NE 29th Court, Fort Lauderdale
$649,900
3 Beds ⋅ 2 Baths ⋅ A12112089 MLS
A 1955 CBS home in Coral Shores, east of Federal and minutes from the beach, updated and move-in ready with its mid-century character intact. The living room runs the width of the house and opens through a wall of sliding glass to a private fenced yard with a large patio and room for a pool. New flooring, fresh paint, and recessed lighting throughout. The kitchen keeps the home’s best original detail, a built-in display wall with arched glass cabinets framing a leaded glass window, alongside white cabinetry, granite counters, and a stainless appliance package. Three bedrooms with primary having a walk-in closet, two full baths, and a separate den that works as an office or a fourth room. Circular drive, covered carport, and a 7,000 square foot lot with no HOA. Minutes to Las Olas, the Galleria, Oakland Park Boulevard, and the Intracoastal.

2017 NE 29th Court, Fort Lauderdale

1101 NW 21ST Street, Fort Lauderdale
$649,900
5 Beds ⋅ 2 Baths ⋅ B26086563 MLS ⋅ Hillmont Middle River BLDG.
Nicely presented 5 bedroom, 2 bath Single Family Home in one of the best locations with water views and no rear neighbors. This home features; an open floor plan, porcelain tile floors, water proof laminate in guest bedrooms, Over-sized master bedroom suite with walk-in closets, dual sinks in the master bathroom, Shaker White Kitchen Cabinetry, quartz counter-tops, backsplash, stainless steel appliance package with slide in range, pantry, newer HVAC 2023, Roof 2019, recessed lighting, freshly painted in and out, and no HOA. Location is second to none; close to I-95, 595, Fort Lauderdale International Airport, Downtown Fort Lauderdale, Las Olas Shops and Restaurants, Parks and Beaches.

1101 NW 21ST Street, Fort Lauderdale

3430 GALT OCEAN Drive Unit 911, Fort Lauderdale
$649,900
2 Beds ⋅ 2 Baths ⋅ B26068070 MLS ⋅ The Commodore BLDG.
Enjoy beautiful ocean and city views from this spacious 2bdr. /2 bath corner condo, ideally positioned on the 9th floor. With just under 1,800 square feet, this light-filled residence offers generously sized rooms and an open feel throughout. The spacious kitchen features stainless-steel appliances. The oversized primary bedroom offers a large walk-in closet. All windows are impact-rated. Additional highlights include an in-unit washer and dryer and a separate storage unit. The building offers 24-hour security, a pool, and a fitness center. Located on Galt Ocean Mile, this residence is right on the beach and close to shopping, restaurants, entertainment, and major highways. A rare combination of space, natural light, oceanfront living, and an unbeatable location! Properly documented emotional support/ service animals are welcome!

3430 GALT OCEAN Drive Unit 911, Fort Lauderdale

3020 NE 32nd Avenue Unit PH3, Fort Lauderdale
$649,900
2 Beds ⋅ 2 Baths ⋅ A12058474 MLS
Perched on the 16th floor of The Tides at Bridgeside Square, this rarely available 2BR/2BA penthouse-level residence offers breathtaking, panoramic direct ocean views. East-facing living room and bedrooms with a tiled balcony capture stunning sunrises over the water, while a mirrored accent wall amplifies natural light throughout. Beautiful vinyl wood look floors thru-out. The open kitchen impresses with a large breakfast bar, quartz waterfall counters, glass tile backsplash, deep undermount sink, recessed lighting, and stainless-steel appliances with a cooktop range and microwave. The serene, spacious primary suite features double closets w/ built-in shelving and an ensuite bath with tub/shower combo; secondary bath offers modern lighting and coastal accents. Custom blackout drapes in living room & bedrooms. In-unit laundry/utility room w/ front-load washer & dryer. Resort-style amenities include a hot tub, fitness center, tennis court, clubhouse, business center, BBQ/picnic area and pool, with cable and internet all included in the Association fee. Unbeatable, walkable location just steps to Fort Lauderdale beach, waterfront dining, boutique shopping, cafes, nightlife and the water taxi, with a newly opened Publix right behind the building. Easy access to Las Olas & downtown Fort Lauderdale. Don't miss this rare opportunity to own a slice of coastal, high-rise, luxury! One of the best places to live. **Seller will participate in the upcoming assessment up to 50%**

3020 NE 32nd Avenue Unit PH3, Fort Lauderdale

1219 NE 5th Terrace Unit 1-2, Fort Lauderdale
$649,850
B26033810 MLS
45% OFF: This is how to generate great returns in today's market while protecting your downside. Acquire an income producing duplex (1 Bedroom/1 Bathroom each side) with additional development capacity (the right to build 8 more units) in Fort Lauderdale's rapidly developing Studio City at over 45% below market value. 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 is fairly renovated and 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 has been held with the city; 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. Recently sold multi-family land comps: $117k-$141k per unit. Active multi-family land comps: $124k-$177k per unit. Recently sold multi-family (existing building) comps: $312k-$375k per unit. Active multi-family (existing building) comps: $297k-$372k per unit. Subject property: fairly renovated duplex + 8 units of buildable land; market value ~$1.2M. Build cost ~$1.2M. All in:~$1.9M. Projected value:$3M+ = $1M+ instant equity upon completion. 1 bedroom apartment rents:$1.6k-$2.3k/mo. Potential ~10% cap rate. Seller will finance. 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. 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.

1219 NE 5th Terrace Unit 1-2, Fort Lauderdale

1219 NE 5th Terrace, Fort Lauderdale
$649,850
B26033788 MLS
45% OFF: This is how to generate great returns in today's market while protecting your downside. Acquire an income producing duplex (1 Bedroom/1 Bathroom each side) with additional development capacity (the right to build 8 more units) in Fort Lauderdale's rapidly developing Studio City at over 45% below market value. 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 is fairly renovated and 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 has been held with the city; 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. Recently sold multi-family land comps: $117k-$141k per unit. Active multi-family land comps: $124k-$177k per unit. Recently sold multi-family (existing building) comps: $312k-$375k per unit. Active multi-family (existing building) comps: $297k-$372k per unit. Subject property: fairly renovated duplex + 8 units of buildable land; market value ~$1.2M. Build cost ~$1.2M. All in:~$1.9M. Projected value:$3M+ = $1M+ instant equity upon completion. 1 bedroom apartment rents:$1.6k-$2.3k/mo. Potential ~10% cap rate. Seller will finance. 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. 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.

1219 NE 5th Terrace, Fort Lauderdale

1219 NE 5th Terrace Unit 1-2, Fort Lauderdale
$649,850
B26033753 MLS
45% OFF: This is how to generate great returns in today's market while protecting your downside. Acquire an income producing duplex (1 Bedroom/1 Bathroom each side) with additional development capacity (the right to build 8 more units) in Fort Lauderdale's rapidly developing Studio City at over 45% below market value. 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 is fairly renovated and 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 has been held with the city; 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. Recently sold multi-family land comps: $117k-$141k per unit. Active multi-family land comps: $124k-$177k per unit. Recently sold multi-family (existing building) comps: $312k-$375k per unit. Active multi-family (existing building) comps: $297k-$372k per unit. Subject property: fairly renovated duplex + 8 units of buildable land; market value ~$1.2M. Build cost ~$1.2M. All in:~$1.9M. Projected value:$3M+ = $1M+ instant equity upon completion. 1 bedroom apartment rents:$1.6k-$2.3k/mo. Potential ~10% cap rate. Seller will finance. 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. 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.

1219 NE 5th Terrace Unit 1-2, Fort Lauderdale

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