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1501 Ne 12th St, Fort Lauderdale, FL – $1,599,000

  • $1.6M Price
  • 1,985 Sqft
  • $1.6M Price
  • 1,985 Sqft

1501 Ne 12th St

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.

Essential Information

  • MLS® #F10488973
  • Price$1,599,000
  • Bathrooms0.00
  • Square Footage1,985
  • Year Built1958
  • TypeResidential Income
  • Sub-TypeFourplex
  • StyleSubstantially Remodeled
  • StatusActive-Available

Community Information

  • Address1501 Ne 12th St
  • Area3380
  • SubdivisionProgresso 2-18 D
  • CityFort Lauderdale
  • CountyBroward County
  • StateFL
  • Zip Code33304-2306

Amenities

  • Parking Spaces9

Interior

  • HeatingCentral Heat
  • CoolingCentral Cooling
  • # of Stories1
  • Stories1

Exterior

  • Lot Description1/4 To Less Than 1/2 Acre Lot
  • RoofComposition Roll

Construction

Concrete Block Construction, Cbs Construction

Additional Information

  • Listing Courtesy ofBlue Realty Team, LLC
  • ZoningRC-15
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Price Change History for 1501 Ne 12th St, Fort Lauderdale, FL (MLS® #F10488973)

Date Details Change
Price Reduced from $1,675,000 to $1,599,000 $76,000 (4.54%)

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