1501 NE 7th Avenue, Fort Lauderdale, FL 33304
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
Listed by: andres zapata
Office: douglas elliman
MLS#:F10554588
Source:RMLS
Price summary
- Price:$1,620,000
- Price per sq. ft.:$2,040.3
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....
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Home facts
- Year built:1973
- Listing ID #:F10554588
- Added:135 day(s) ago
- Updated:July 10, 2026 at 03:19 PM
Rooms and interior
- Flooring:Ceramic Tile
- Living area:794 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans, Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Barrel
- Year built:1973
- Building area:794 sq. ft.
- Construction Materials:Block
- Exterior Features:Open, Outdoor Shower
Schools
- High school:Fort Lauderdale
- Middle school:Sunrise
- Elementary school:North Side
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,620,000
- Price per sq. ft.:$2,040.3
- Tax amount:$4,319 (2024)
Features and amenities
- Pool features:In Ground
Parking
- Total parking spaces:10
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