5-PLEX fully rented (MLS classified as 4-plex) in Fort Lauderdale. Unit mix: four 1BD/1BA and one 2BD/2BA. Gross income $127,000 annually. Stable income with rental upside. Fully renovated with new kitchens, baths, A/C systems, flooring, fencing, railings, and new high-impact windows — no major deferred maintenance. Each unit includes a washer/dryer, 2 parking spaces, and separate parcel numbers. Features a pool and a 2BD/2BA unit with a private jacuzzi. Strong 1031 exchange opportunity. roperty is legally structured as five separate condo parcels under one ownership (MLS classified as 4-plex). All units are fully rented. Unit mix includes four 1BD/1BA units and one 2BD/2BA unit. Current gross income is $127,000 annually. Extensive renovations completed, including kitchens, bathrooms, A/C systems, flooring, fencing, railings, and high-impact windows. No major deferred maintenance.Each unit includes washer/dryer and two dedicated parking spaces. Property features a private pool, and the 2BD/2BA unit includes its own jacuzzi. Strong tenant demand in Middle River Terrace location. Ideal for 1031 exchange buyer or investor seeking stabilized cash flow with long-term flexibility due to separate parcel structure.
- Swimming Pool
- Heating System
- Cooling System
- Patio:
- Balcony, Open
- Architectural Style
- Association Amenities
- Roof:
- Barrel
- Sewer
- Spa Features
- State:
- FL
- County:
- Broward
- City:
- Fort Lauderdale
- Zipcode:
- 33304
- Street:
- 1501 Ne 7th Avenue, Fort Lauderdale, Florida 33304
- Longitude:
- W81° 51' 44.9''
- Latitude:
- N26° 8' 47.8''
- Association Fee Frequency:
- Annually
- Construction Materials:
- Block
- Cumulative DOM:
- 116
- DOM:
- 122
- Directions:
- GPS
- Elementary School:
- North Side
- Exterior Features
- Flooring:
- Ceramic Tile
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Parcel Number:
- 494235af0050
- Stories Total:
- 2
- Structure Type:
- Multi Family
- Subdivision Name:
- The Terrace Condos Inc
- Tax Annual Amount:
- $4,319
- Utilities
- Virtual Tour:
- Click Here
- Window Features:
- Blinds
Residential Income For Sale
1501 Ne 7th Avenue, Fort Lauderdale, Florida 33304, Fort Lauderdale, Florida 33304
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,620,000
- Square Footage :
- 794 Sqft
- Year Built :
- 1973
- MLS # :
- F10554588
- Property Sub Type :
- Condominium
