Basic Information

  • MLS # F10488973
  • Type Duplex / Quad Plex / Triplex
  • Status Active
  • Subdivision/Complex Progresso 2-18 D
  • Year Built 1958
  • Total Sqft 1,985
  • Date Listed 02/27/2025
  • Days on Market 55
Description

AMAZING 7% CAP RATE NOI NNN INVESTMENT OPPORTUNITY w/ 5yr LONG TERM LEASE remaining + $11,000/mth income w/ a single tenant using the entire property as a SUPERVISED SOBER LIVING FACILITY. Everything has been FULLY REMODELED in this triplex nestled in vibrant Lake Ridge. Legal triplex comprises 4 UNITS: 3 spacious 1-bedroom/1-bathroom units w/ kitchens & access to the back patio (including a detached cottage) & one efficiency studio. All units come fully furnished & equipped. Positioned in an "AIRBNB DREAM" area, boasting an average 89% occupancy. Features include an enclosed garage, ample amenities, detached laundry room, 7 parking spaces, & lush landscaping. CALL LA TO REQUEST MORE INFO AND LEASE. SEE FLOOR PLANS, LEASE & FINANCIAL BREAKDOWN ATTACHED.

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Design Description Fourplex
  • Parking Description
  • Roof Description Composition

Interior Features

  • Adjusted Sqft 1,985Sq.Ft
  • Cooling Description Central Air
  • Floor Description Tile
  • Heating Description Central
  • Sqft 1,985 Sq.Ft

Property Features

  • Address 1501 N E12th St
  • Architectural Style Fourplex
  • City Fort Lauderdale
  • Community Features Non Gated
  • Construction Materials Block
  • County Broward
  • Furnished Info No
  • Levels One
  • Listing Terms Assumable, Cash, Conventional, Owner May Carry, Owner May Carry Second
  • Lot Description Quarter To Half Acre Lot
  • Lot Features Quarter To Half Acre Lot
  • Occupant Type Tenant
  • Pool Features None
  • Possession Closing And Funding
  • Postal City Fort Lauderdale
  • Public Survey Section One
  • Public Survey Township 4942
  • Roof Composition
  • Sewer Description Public Sewer
  • Short Sale Regular Sale
  • Stories 1
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info Progresso 2-18 D
  • Tax Amount $15,966
  • Tax Information P R O G R E S S O2-18 D L O T13 L E S S W5 B L K102
  • Tax Year 2024
  • Terms Considered Assumable, Cash, Conventional, Owner May Carry, Owner May Carry Second
  • Type of Property Quadruplex

1501 NE 12th St

Fort Lauderdale, FL 33304

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Blue Realty Team, LLC. tel: (954) 626-8996

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