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1344 NW 7th Terrace, Fort Lauderdale, FL 33311

$499,999

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https://www.propertypanorama.com/instaview/mia/A12009368

Property Type: Residential Income Square Footage: 1,485 Status: Active

Current Price: $499,999 List Date: 4/28/2026 Last Modified: 6/16/2026

Overview

Description

Fully renovated duplex on a corner lot priced below appraised value with a recent appraisal at $550,000. This income producing property offers strong returns with over an 8% CAP RATE.Unit 2 is already leased through July 2027, providing stable cash flow from day one. Unit 1 is vacant and move in ready, perfect for owner occupancy or immediate rental income.New roof installed in 2022 and a new AC from 2021. Both units feature laminate flooring throughout, stainless steel appliances, and private laundry rooms.

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Listing Details MLS# A12009368

General Property Information

Number Of Units Total: 2
Property Sub Type: Duplex
Building Area Main: 1485
Living Area Main: 1485
Adjusted Area Main: 1485
Year Built: 1955
Parking Total: 4
Stories Total: Yes
Pool Private YN: No

Property Features

Documents Available: Copy Of Lease(s); Deposit - Last Months Rent; Deposit - Security Flooring: Laminate Structure Type: Duplex Construction Materials: Block Cooling: Central Air; Electric Heating: Central; Electric; Separate Meters Listing Terms: Cash; Conventional; FHA Possession: Negotiable Roof: Shingle Sewer: Public Sewer Tax Information: City/County Utilities: Cable Available Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent Unit 1 Appliances: Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit; Fuse Box Unit 2 Appliances: Dryer; Microwave; Range; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit; Fuse Box Unit 2 Parking Features: On Street

Contract Information

Comp Sale YN: No
Original List Price: 525000

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 1344
Street Direction Prefix: NW
Street Name: 7th
Street Suffix: Terrace
City Name: Fort Lauderdale
State Or Province: FL
Postal Code: 33311
Postal Code +4: 6002
Postal Zip: 33311
Subdivision Name: PROGRESSO
Area: 3390
Geographic Area: FTNW - Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
Elementary School: Thurgood Marshall
Middle Or Junior School: Sunrise
High School: Dillard 6-12
Parcel Number: 494234024740
Subdivision Number: 2
Zoning: RDS-15
Flood Zone: X

Financial Information

Tax Annual Amount: 10267
Tax Year: 2025
Tax Legal Description: PROGRESSO 2-18 D LOT 24 BLK 74

Status Change Information

Major Change Timestamp: 2026-06-11T20:34:12Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-06-11T20:34:12Z
Status Change Date: 2026-04-28

More Information

Meter Information

Separate Electric Meters YN: Yes

Income and Expenses

Gross Income: 4350

Unit 1 Details

Actual Rent: 2500
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished

Unit 1 Lease Description

Occupant Type: Vacant

Unit 1 Parking Details

Carport YN: Yes

Unit 2 Details

Actual Rent: 1850
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished

Unit 2 Lease Description

Currently Leased YN: Yes

Price Calculations

Current Price To SqFt: 336.69

Section Details

Parcel Number MLX: 4740

Originating Details

Originating System Key: 460039345
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Flooring

Laminate: Yes

Documents Available

Copy Of Lease(s): Yes
Deposit - Last Months Rent: Yes
Deposit - Security: Yes

Structure Type

Duplex: Yes

Possession

Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes

Heating

Central: Yes
Electric: Yes
Separate Meters: Yes

Construction Materials

Block: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes

Roof

Shingle: Yes

Cooling

Central Air: Yes
Electric: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Call Listing Agent: Yes

Tax Information

City/County: Yes

Unit 1 Appliances

Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes
Fuse Box: Yes

Unit 2 Appliances

Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes
Fuse Box: Yes

Unit 2 Parking Features

On Street: Yes

Listing Office: Brokernation Real Estate Doral

Last Updated: June - 16 - 2026

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