1501 NE 12th St
Fort Lauderdale, FL 33304
- – beds
- – baths
- 1,985 sqft
- $843 per sqft
- 1958 build
- – on site
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 DETOX RESID CARE 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. This is a strategic investment in one of Ft Lauderdale's most sought-after areas. SEE FLOOR PLANS, LEASE & FINANCIAL BREAKDOWN ATTACHED.
Last checked:
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Last updated Feb 28, 2025
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MLS# F10488973 —
The Building
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Year Built:1958
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Year Built Description:Resale
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Unit Count:4
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Construction Type:Concrete Block Construction, Cbs Construction
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Style:Fourplex
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Roof Description:Composition Roll
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# of Stories:1
Interior
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Floor Description:Tile Floors
Room Dimensions
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SqFt Living Room Area:1,985 Sqft
Financial & Terms
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Rent Includes:Lawn Care
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Terms Considered:Cash, Conventional, Owner Financing, Owner Hold 2nd Mortgage
Location
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Directions:Use GPS
The Property
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Type of Property:Fourplex
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Property Type:Residential Income
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Property Type Information:Substantially Remodeled
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Parcel Number:494234029240
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Lot Description:1/4 To Less Than 1/2 Acre Lot
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Zoning:RC-15
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Geographic Area:Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
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Waterfront Property:No
Listing Agent
- Contact info:
- Agent phone:
- (954) 871-1687
- Office phone:
- (954) 626-8996
Taxes
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Tax Year:2024
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Tax Amount:$15,966
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Tax Information:Tax Reflects No Exemptions
The Listing
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Special Information:As Is
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Information Available:Accounting Statements, Deposit Held, Deposit - Last Months Rent, Deposit - Security, Financial Statement, Copy Of Lease(S), Rent Rolls
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Auction:No
Heating & Cooling
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Cooling Description:Central Cooling
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Heating Description:Central Heat
Utilities
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Sewer Description:Municipal Sewer
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Internet:Yes
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Cable Available:Yes
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Separate Meter:Yes
The Community
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Subdivision Name:Progresso 2-18 D
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Subdivision Complex Bldg:Progresso 2-18 D
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Gated Community:No
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Development Name:Lake Ridge
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Pool:No
Parking
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# Parking Spaces:9
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/27/25
Feb 27, 2025
|
Listed / Active | GFLR | $1,675,000 | 70.1% |
|
5/8/24
May 8, 2024
|
MLSM | $985,000 | -6.2% | |
|
3/24/24
Mar 24, 2024
|
MLSM | $1,050,000 |
