$ 1,620,000
-
$1,620,000
Price -
5
Bed -
5
Bath -
794
SqFt
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About the Listing DGEF04 - 3306808
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 Highlights
Interior Details
- Bedrooms: 5
- Bathrooms: 5 Full
- Appliances:
- Air Cond: Central Air,Ceiling Fan(s)
- Heating: Central,Separate Meters
- Fireplaces:
- Floor: Ceramic Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Multiple Meters,Public
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 10
- Zoning: RS-8
- Roof: Barrel
- Others: Balcony,Outdoor Living Area,Outdoor Shower
- Sewer: Public Sewer
Financial Details
- Tax Amount: $4,319
- Taxes w/Assessments: $222,070
- Tax/Property ID: 494235af0050
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
1501 NE 7th Ave Fort Lauderdale, FL 33304
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