Ad #8010114
MLS #F10554588
5-PLEX fully rented (MLS classified as 4-plex) in Fort
1501 NE 7th Ave, Fort Lauderdale, FL 33304
$1,620,000
5Beds
--Baths
794Sqft
--Acres
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
0.000 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 Aug 12, 2026
Photo Gallery
$1,620,000
5
Beds
--
Baths
794
Sqft
1501 NE 7th Ave, Fort Lauderdale, FL 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, FL 33304
5
Beds
--
Baths
794
Sqft
--
Acres
$1,620,000
1501 NE 7th Ave, Fort Lauderdale, FL 33304
5 Beds
-- Baths
794 Sqft
-- 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
0.000 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
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Ad Statistics
Ad Number
8010114
Viewed
0 time
Listing Status
Active
Added
Jun 19, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
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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