About 1501 Ne 7th Ave
5-PLEX fully rented (MLS classified as 4-plex) in Fort Lauderdale. Unit mix: four 1BD/1BA and one 2BD/2BA. Gross income $121,000 annually with approx. $89K NOI (5.1% cap at current pricing). 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.
Features of 1501 Ne 7th Ave
| MLS® # | F10554588 |
|---|---|
| Price | $1,647,000 |
| Bathrooms | 0.00 |
| Square Footage | 794 |
| Year Built | 1973 |
| Type | Residential Income |
| Sub-Type | Fourplex |
| Style | Attached |
| Status | Active |
Community Information
| Address | 1501 Ne 7th Ave |
|---|---|
| Area | 3380 |
| Subdivision | The Terrace Condos Inc |
| City | Fort Lauderdale |
| County | Broward County |
| State | FL |
| Zip Code | 33304-4846 |
Amenities
| Parking Spaces | 12 |
|---|---|
| Is Waterfront | No |
| Has Pool | Yes |
| Pool | Below Ground Pool |
Interior
| Heating | Central Heat |
|---|---|
| Cooling | Ceiling Fans, Central Cooling |
| Fireplace | No |
| # of Stories | 2 |
| Stories | 2.0000 |
Exterior
| Exterior Features | Balconies, Exterior Cat Walk, Exterior Lights, Fence, High Impact Doors, Outdoor Shower |
|---|---|
| Lot Description | Less Than 1/4 Acre Lot |
| Windows | Blinds/Shades, Impact Glass |
| Roof | Barrel Roof |
| Construction | Concrete Block Construction |
Additional Information
| Zoning | RS-8 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | None |
Listing Details
| Office | Douglas Elliman |
|---|