BEDS0
BATHS
SQUARE FEET794
MLS#F10554588
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONThe Terrace Condos Inc
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 $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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Ceiling Fans, Central Cooling
Fenced: Yes
Heating: Central Heat
Roof Type: Barrel Roof
Taxes: $4,319
Year Built: 1973
Amenities
Balconies
Exterior Cat Walk
Exterior Lights
Fence
High Impact Doors
Outdoor Shower
Feature Descriptions
Association: Other
Association Fee: $0/None
Cable: Yes
Ceiling Fans: 10
Days on Site: 6
Exterior: Concrete Block Construction
Flooring: Ceramic Floor
Lot: Less Than 1/4 Acre Lot
Parcel #: 494235AF0050
Pool: Below Ground Pool
Sewer: Municipal Sewer
Spa: Yes
SQFT Living: 794
Swimming Pool: Yes
Water: Municipal Water
Windows: Blinds/Shades, Impact Glass
Listed By / Shown By
Listed By
Agency Name: Douglas Elliman
Agency Phone: (954) 874-0740
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 4,505.80 per month $3,665.51 Principal & Interest $359.92 Property Tax $480.38 Homeowner's InsuranceChange Payment Information
1501 NE 7th Ave | MLS# F10554588
This multi-family property located at 1501 NE 7th Ave, Fort Lauderdale, FL 33304 is currently listed for sale with an asking price of $1,647,000. Search Fort Lauderdale real estate on www.realtymark.net today.