1501 NE 7th Avenue (Off Market)

For Sale, 1,647,000 USD


1501 NE 7th Avenue,

Property Type : Multi-Family Home

Property Style : N/A

Build Size : 794 ft² / 74 m²

Land Size : N/A

Bedroom : 0

Bathroom : 0

Half Bathroom : 0

MLS#: F10554588


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. 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.
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1501 NE 7th Avenue, United States,Florida,Fort Lauderdale is a 794ft² Fort Lauderdale luxury Multi-Family Home listed for sale 1,647,000 USD. This high end Fort Lauderdale Multi-Family Home is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Fort Lauderdale or search for luxury properties for sale in Fort Lauderdale.