Ad #8010114
MLS #F10554588
5-PLEX fully rented (MLS classified as 4-plex) in Fort
1501 NE 7th Ave, Fort Lauderdale, Florida, 33304
$1,620,000
5Beds
0Baths
794Sqft
0Acres
About this property
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.
Property Features
5 Beds
0 Baths
794 Sqft
Built in 1973
0 Acres
2 Stories
Siding: Block
Barrel Roof
Has Swimming Pool
Central
$4,319 / yr property tax
Broward County
The Terrace Condos Inc Community
Additional Photos
Contact Information
Andres Zapata
Douglas Elliman
401-639-9223
Location
Listing Agent: Andres Zapata (License #: 3306808) 401-639-9223
Broker: Douglas Elliman 561-249-4808 Listing Site
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Douglas Elliman 561-249-4808 Listing Site
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 22, 2026
Photo Gallery
$1,620,000
5
Beds
0
Baths
794
Sqft
1501 NE 7th Ave, Fort Lauderdale, Florida, 33304
By contacting this agent you agree to these Terms and Conditions.
MLS# F10554588
5-PLEX fully rented (MLS classified as 4-plex) in Fort
$1,620,000
1501 NE 7th Ave, Fort Lauderdale, Florida, 33304
5
Beds
0
Baths
794
Sqft
0
Acres
$1,620,000
1501 NE 7th Ave, Fort Lauderdale, Florida, 33304
5 Beds
0 Baths
794 Sqft
0 Acres
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.
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Property Details
HOME DETAILS
5 Beds
0 Baths
794 Sqft
Built in 1973
0 Acres
2 Stories
EXTERIOR
Siding: Block
Barrel Roof
Has Swimming Pool
INTERIOR
Central
FINANCIAL & COMMUNITY
$4,319 / yr property tax
Broward County
The Terrace Condos Inc Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
8010114
Viewed
36 times
Listing Status
Active
Added
Jun 19, 2026
Last Refresh
Jul 22, 2026 12:59:08 AM
Listing Information
Data Source
BeachesMLS
Source Property ID
F10554588
Listing Agent: Andres Zapata (License #: 3306808) 401-639-9223
Broker: Douglas Elliman 561-249-4808 Listing Site
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Douglas Elliman 561-249-4808 Listing Site
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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