1111 Northeast 5th Terrace

Fort Lauderdale, FL 33304

$1,400,000
Price
Beds
6,078 Sq. Ft.
$230 / Sq. Ft.
6,078
Sq. Ft.
$230
per Sq. Ft.

Description

Seller financing available with $600,000 down for qualified buyer. The lot is zoned RMM-25 or 25 units per net acre can be built. Great for redevelopment. Estimated a 3 story building can be built. Currently 100% occupied. Versatile fourplex. One main house with 3 bd & 2 ba, one 2 bd & 1 ba, & two 1 bd & 1 ba. Backhouses with a garage currently used for storage. Potentially can be converted to rental unit. Section 8 tenant in the main house that has wood floor, split floor plan, & its own W/D. Backhouses...Seller financing available with $600,000 down for qualified buyer. The lot is zoned RMM-25 or 25 units per net acre can be built. Great for redevelopment. Estimated a 3 story building can be built. Currently 100% occupied. Versatile fourplex. One main house with 3 bd & 2 ba, one 2 bd & 1 ba, & two 1 bd & 1 ba. Backhouses with a garage currently used for storage. Potentially can be converted to rental unit. Section 8 tenant in the main house that has wood floor, split floor plan, & its own W/D. Backhouses share W/D. 13,500 SF lot with room for a pool. Located at the end of the street. Quiet & Secluded. Long term tenants. 2006 roof. 5 electric meters. 8 parking space. Owner pays water bills for 2/1 and 1/1s.
  1. Listed by Sean Lam • Oceanica International Realty

Property Details for 1111 Northeast 5th Terrace

Subdivision
PROGRESSO
Style
Fourplex
Waterfront
No
Area
3370
Geographic Area
Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
Auction
No
Num Stories
1
Sq Ft Total
6078

Location

Listing Courtesy of Oceanica International Realty
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LISTING UPDATED: 04/15/2024 12:00 PM

Property Details for 1111 Northeast 5th Terrace

StatusActive
MLS #A11473039
Days on Market196
Taxes$11,016 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family Income / Fourplex
Year Built1946
Lot Size0.31 AC / 13,503 SF
CountyBroward County

Location

Listing Courtesy of Oceanica International Realty
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Virtual Tour

Building Information for 1111 Northeast 5th Terrace

Stories-Residences-Year Built1946Building Size-Lot Size0.31 AC / 13,503 SF

Payment Calculator

$8,558 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,640

Property Taxes

$918

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1111 Northeast 5th Terrace

Location Information
Location Information
  • Parcel Number Free Text: 494234040830
  • Parcel Number MLX: 0830
  • MLS Area: 3370
  • Township Range: 49
  • Section: 34
  • Subdivision Number: 4
  • Subdivision Complex Bldg: PROGRESSO
  • Unit Count: 4
  • Zoning Information: RMM-25
General Information
Parking
  • Num Parking Spaces: 8
General Information
  • Property Type Information: Detached
  • Approximate Lot Size: 13503
  • Lot Description: 1/4 To Less Than 1/2 Acre Lot
  • Water Access: None
  • Spa: No
  • Pool: No
  • Construction: Concrete Block Construction
  • Construction Type: Concrete Block Construction
  • Roof Description: Shingle Roof
  • Flooring: Tile Floors, Wood Floors
  • Floor Description: Tile Floors, Wood Floors
Additional Property Information
Utilities
  • Heating Description: Central Heat, Window/Wall
  • Cooling Description: Ceiling Fans, Central Cooling, Wall/Window Unit Cooling
  • Water Description: Municipal Water
  • Sewer Description: Municipal Sewer
  • Separate Meter: Yes
  • Cable Available: Yes
Additional Property Information
  • Guest Accommodations: No
  • Rent Includes: Lawn Care, Sewer, Trash Removal, Water
Financial Information
Financial Information
  • Total Mortgage: $384,000
  • Type of Association: None
  • Flood Zone: X
  • Tax Year: 2022
  • Tax Information: Tax Reflects No Homestead Tax
  • Special Information: As Is
  • Information Available: Copy Of Lease(S), Other Available Information

Property History for 1111 Northeast 5th Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1111 Northeast 5th Terrace

This home is within Broward.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
North Side Elementary School
PublicPK to 5

Sunrise Middle School
Public6 to 8

Fort Lauderdale High School
Public9 to 12

Sunrise High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1111 Northeast 5th Terrace is a multi-family home for sale in Fort Lauderdale, FL 33304. This property was listed for sale on October 20, 2023 by Oceanica International Realty, it's currently listed at $1,400,000. It has been on the market for a total of 196 days and was last sold on April 22, 2015. This listing's school district is Broward. Nearby schools include North Side Elementary School, Sunrise Middle School and Fort Lauderdale High School. 1111 Northeast 5th Terrace is a 0-bed, 0-bath, 6,078 sqft multi-family home built in 1946.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Oceanica International Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.