USAFLFort LauderdaleThe Terrace Condos Inc1501 Ne 7Th Ave
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$1,647,000

A day ago

1501 Ne 7 Th Ave, Fort Lauderdale, FL

0 Bed

0 Bath

794 sqft

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MLS® F10554588

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 794 sqft
Garage No
Taxes $4,319
Days Active 1
Lot Size 
Approx. Age 1973
Avg. Price Per Sqft $2,074
MLS® Number F10554588

Property Address: 1501 Ne 7th Ave, Fort Lauderdale, FL, 33304-4846

Average square foot calculated using Size range provided by listing agent.

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. 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 $121, 800 annually with approximately $89K NOI. 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.
MLS® NumberF10554588
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1973
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 23, 2026List Date
$1,647,000List Price
  • Commute

Commute

Starting Address
Destination Address
1501 Ne 7 Th Ave, Fort Lauderdale, FL

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