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1501 NE 7th Ave #5, Fort Lauderdale, FL, 33304
794SqFt
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Details
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Status:
Active
Size: 794 SqFt (74 m2)
Price: $2,074/SqFt ($22,328/m2)
Type: Multi Family
Built: 1973
HOA: N/A
MLS Number: F10554588
On Site: 3 Days
Updated: 1 Days ago
Page Views: 0
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.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: Balcony, OutdoorLivingArea, OutdoorShower
      Interior, Heating and Cooling
      • Heating Description: Central, SeparateMeters
      • Cooling Description: CentralAir, CeilingFans
      Building and Construction
      • Floor Description: CeramicTile
      • Windows/Treatment: Blinds
      • Year Built: 1973
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
      • Elementary School: North Side
      • Middle School: Sunrise
      • Senior High School: Fort Lauderdale
      Other Property Info
      • Listing Date: 2026-02-23T19:00:00.000-00:00
      Taxes, Fees & More
      • Taxes: 4319
      • Real Estate Taxes: 222070
      • Total Floors in Building: 2
      • Total Units in Complex: 44
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      Price History
      02/24/2026
      Date
      Listed
      Event
      $1.6M
      Price
      $2,074 ft2 / $22,328 m2
      Price Per
      Price per square foot and days on website are not provided values and are calculated by Subdivisions.
      Listed by Andres ZapataDouglas Elliman • Buyer Agency Compensation .
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