1501 NE 7th Avenue, Fort Lauderdale, FL 33304

Listing Snapshot

About This Home

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.

General Features

Property Type

ResidentialIncome

Sub-type

Quadruplex

Stories

2

Parking Spaces

10

Zoning

RS-8

Utilities

CableAvailable

Subdivision

The Terrace Condos Inc

Interior Features

Flooring

CeramicTile

Heating

Central,SeparateMeters

Cooling

CentralAir,CeilingFans

Window Features

Blinds

Exterior Features

Construction

Block

Exterior Features

Balcony,OutdoorLivingArea,OutdoorShower

Roof

Barrel

Patio / Porch

Open,Balcony

Fencing

Fenced

Pool

Yes

Pool Features

InGround

Waterfront

No

Community Features

Association Amenities

None

Association Dues

$0 / annually

MLS Area

3380

Schools

Map

Virtual Tour