1501 NE 7th AVE, Fort Lauderdale, FL 33304
1501 NE 7th AVE, Fort Lauderdale, FL 33304
1501 NE 7th AVE, Fort Lauderdale, FL 33304
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Maria Kunigonis

Maria Kunigonis

+1(305) 300-8164
$1,620,000
Est. payment /mo
794 SqFt
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UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 794 sqft

Price per Sqft $2,040

Subdivision The Terrace Condos Inc

MLS Listing ID F10554588

Style Fourplex

HOA Y/N Yes

Year Built 1973

Annual Tax Amount $4,319

Tax Year 2024

Property Sub-Type Condominium

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 $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.

Location

State FL

County Broward

Community The Terrace Condos Inc

Area 3380

Direction GPS

Interior

Heating Central

Cooling Central Air, Ceiling Fan(s)

Flooring Ceramic Tile

Window Features Blinds

Exterior

Exterior Feature Balcony, Fence, Outdoor Shower

Pool Pool

Utilities Available Cable Available

Amenities Available None, Pool

Roof Type Barrel

Porch Balcony, Open

Private Pool Yes

Building

Story 2

Sewer Public Sewer

Water Public

Architectural Style Fourplex

Level or Stories Two

Structure Type Block

Schools

Elementary Schools North Side

Middle Schools Sunrise

High Schools Fort Lauderdale

Others

Senior Community No

Restrictions See Remarks

Tax ID 494235af0050

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Douglas Elliman

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Maria Kunigonis

Maria Kunigonis

+1(305) 300-8164

Broker Associate | BK3327478

Broker Associate BK3327478

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1501 NE 7th AVE