Renovated Fully Rented
1501 NE 7th Avenue Fort Lauderdale, FL 33304
For Sale
Contact for pricing
Renovated, fully rented 5-unit property with in-unit laundry, dedicated parking, and a pool.
Property Size794 SF
Price / SF$2,040
Days on Market143
Property Features for 1501 NE 7th Avenue
General Information
- Standard status
- Active
- Size
- 794 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1973
Listing Agency:
Douglas Elliman
(401) 639-9223
Listed By:
Andres Zapata · License #3306808
Source:
Crexi
Added: Mar 2
Changed: Jul 10
Last Checked: Jul 22 at 1:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman
Investment Insights
Based on property information with market context.
This renovated 5-plex is fully rented and configured as one ownership controlling five separate condo parcels (MLS classified as 4-plex). The unit mix includes four 1-bedroom, 1-bath homes and one 2-bedroom, 2-bath home. Each unit features a washer/dryer and two dedicated parking spaces. On-site amenities include a private pool, and the 2-bedroom, 2-bath unit offers a private jacuzzi.
Extensive improvements have been completed with new kitchens, bathrooms, A/C systems, flooring, fencing, railings, and high-impact windows. The property is presented as having no major deferred maintenance, which supports a turn-key experience for a new owner.
From an ownership standpoint, the separate parcel structure provides flexibility for buyers evaluating long-term plans and 1031 exchange goals. With all units currently occupied, the property offers stabilized rental performance backed by the stated gross income of $127,000 annually and a unit layout designed to support tenant convenience through in-unit laundry and dedicated parking.
Extensive improvements have been completed with new kitchens, bathrooms, A/C systems, flooring, fencing, railings, and high-impact windows. The property is presented as having no major deferred maintenance, which supports a turn-key experience for a new owner.
From an ownership standpoint, the separate parcel structure provides flexibility for buyers evaluating long-term plans and 1031 exchange goals. With all units currently occupied, the property offers stabilized rental performance backed by the stated gross income of $127,000 annually and a unit layout designed to support tenant convenience through in-unit laundry and dedicated parking.
Key Highlights
- Fully rented 5‑plex property (MLS classified as 4‑plex) in Fort Lauderdale, unit mix of four 1BD/1BA and one 2BD/2BA
- Gross income of $127,000 annually, with separate parcel numbers for each unit and all units leased
- Extensive renovations completed: new kitchens, baths, A/C systems, flooring, fencing, railings, and new high‑impact windows
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
1031 exchange properties
FAQs
What type of property is this?
Apartment building - Renovated, fully rented 5-unit property with in-unit laundry, dedicated parking, and a pool.
Where is this apartment building located?
The property is located at 1501 NE 7th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,620,000.
What are key features of this property?
This property features: Fully rented 5‑plex property (MLS classified as 4‑plex) in Fort Lauderdale, unit mix of four 1BD/1BA and one 2BD/2BA; Gross income of $127,000 annually, with separate parcel numbers for each unit and all units leased; Extensive renovations completed: new kitchens, baths, A/C systems, flooring, fencing, railings, and new high‑impact windows
