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1501-1505 NE 7th Ave
Fort Lauderdale, FL 33304
The Terrace Apartments · Multifamily Property For Sale
·
5 Units
Investment Highlights
- Unit Mix Consists Of (4) 1 Bedroom 1 Bathroom Units (658 sq ft) and (1) 2 Bedroom 2 Bathroom (794 sq ft)
- On-Site Amenities Include In-Unit Washer/Dryer, 2 Parking Spots Per Unit, Pool, Private Balconies and Backyard
- Seller Is Receptive To Offers That Include Seller Financing
- 100% Occupied Asset with Strong Cash Flow Day One With Opportunity To Raise Rents
- Highly Desirable East Broward Location Walking Distance To Fort Lauderdale High School and 8 Minute Drive To Las Olas Beach
- Each Unit Has Separate Parcel Number And Are Individual Condo Units Owned By The Same Entity
Property Facts
| No. Units | 5 | Building Size | 3,860 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built | 1974 |
| Lot Size | 0.16 AC | Parking Ratio | 2.59/1,000 SF |
| Zoning | RS-8 - Residential Multi-Family | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,860 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 2.59/1,000 SF |
| Zoning | RS-8 - Residential Multi-Family |
Amenities
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,625 | 658 |
| 2+2 | 1 | $2,300 | 794 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $901,770 | |
| Land Assessment | $100,180 | Total Assessment | $1,001,950 |
Property Taxes
Parcel Numbers
Land Assessment
$100,180
Improvements Assessment
$901,770
Total Assessment
$1,001,950
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