Property Description

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.

Features
Swimming Pool
Heating System
Cooling System
Patio:
Balcony, Open
Architectural Style
Association Amenities
Roof:
Barrel
Sewer
Spa Features
Address Map
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''
MLS Addon
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

794 Sqft
$1,620,000
MLS # #F10554588
Basic Details
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
Agent info
Contact Agent