1501 7th ,Quadruplex, Fourplex, The Terrace Condos Inc for Sale

1501 7th for Sale

Price $1,620,000.00

• Lot size 794
• Year Build 1973
• Waterfront
• Zip 33304
• Style
• Parking Description
• Pool Yes
• Status Active

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.

THE TERRACE CONDOS INC UNIT 5 PER CDO BK/PG: 39000/1108

Fenced

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.

City:Fort Lauderdale,Roof:1:Barrel Roof,Sewer:1:Public Sanitation,2:Sewer,Spa Y N:1,Zoning:RS-8,Cooling:1:Central Air,Country:United States,List A O R:BeachesMLS,Stories:2,Tax Year:2024,Latitude:26.1467147,Cooling Y N:1,Heating Y N:1,List Price:1620000,Listing Id:F10554588,Longitude:-80.1376432,Mls Status:Active,Utilities:1:Cable Available,Year Built:1973,Directions:GPS,High School:Fort Lauderdale,Living Area:794,Postal Code:33304,Street Name:7th,Tenant Pays:1:Water,Coordinates:1:26.1467147,Photos Count:43,Building Name:The Terrace Condos Inc,Business Type:1:Residential-Multi-Family,Days On Market:116,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:3380,M L S Area Major:The Terrace Condos Inc,On Market Date:2026-02-23,Parcel Number:494235af0050,Property Type:Residential Income,Stories Total:2,Street Number:1501,Street Suffix:Avenue,Pool Private Y N:1,Public Remarks: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.,County Or Parish:Broward County,Expiration Date:2026-08-11,List Office Name:Douglas Elliman,M I A M I R E_ Pool Y N:1,Standard Status:Active,Window Features:1:Verticals,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:4846,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:The Terrace Condos Inc,Tax Annual Amount:4319,Unparsed Address:1501 NE 7th Avenue, Fort Lauderdale FL 33304,Elementary School:North Side,Exterior Features:1:Outdoor Shower,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Year Built Details:Resale,Building Area Units:Square Feet,Community Features:1:None,Leasable Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:2040.3023,M I A M I R E_ Num Floors:2,M I A M I R E_ Num Meters:6,Original List Price:1647000,Previous List Price:1647000,Public Survey Range:4942,I D X Participation Y N:1,Number Of Units Total:4,Syndication Remarks: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.,Listing Contract Date:2026-02-23,Originating System I D:miamire,Public Survey Section:35,Showing Instructions:24 Hour Notice,Appointment Only,Pet On Premises,Street Number Numeric:1501,Tax Legal Description:THE TERRACE CONDOS INC UNIT 5 PER CDO BK/PG: 39000/1108,Association Amenities:1:Private Pool,M I A M I R E_ Current Price:1620000,M I A M I R E_ Owner Agent Y N:1,Middle Or Junior School:Sunrise,Public Survey Township:4942,M I A M I R E_ Year Installed:1973,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Application Fee:50,M I A M I R E_ Fee Description:Yearly,M I A M I R E_ Geographic Area:Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700),M I A M I R E_ Num Ceiling Fans:10,Association Fee Frequency:Annually,M I A M I R E_ Maint Fee Paid Per:Yearly,M I A M I R E_ Parcel Number M L X:0050,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Street View Param:1$26.146696$-80.137589$334.20$13.33$1.00$s-48cC5lfDkQaQdQLetXQg,Contract Status Change Date:2026-02-23,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Agent Alternate Phone:401-639-9223,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:1501 NE 7th Ave,M I A M I R E_ Subdivision Information:1:No Subdiv/Park Info,M I A M I R E_ Dade Market Amt Assessed Amt:222070,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:2040.3,Internet Automated Valuation Display Y N:1,