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.
For sale
Price cut: $76K (4/23)
$1,599,000
1501 NE 12th St, Fort Lauderdale, FL 33304
4beds
4baths
1,985sqft
Est.:
Quadruplex
Built in 1958
-- sqft lot
$1,482,400 Zestimate®
$806/sqft
$-- HOA
What's special
Enclosed garageDetached cottageDetached laundry roomLush landscaping
- 86 days
- on Zillow |
- 119 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: April 23, 2025 at 12:36pm
Listed by:
Steve Boyette 954-871-1687,
Blue Realty Team, LLC
Source: BeachesMLS ,MLS#: F10488973
Originating MLS: Beaches MLS

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Tile
Interior area
- Total interior livable area: 1,985 sqft
Video & virtual tour
Property
Parking
- Total spaces: 9
Features
- Stories: 1
- Pool features: None
Lot
- Features: 1/4 To Less Than 1/2 Acre Lot
Details
- Parcel number: 494234029240
- Zoning: RC-15
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Concrete Block Construction, Cbs Construction
- Roof: Composition
Condition
- As Is,Substantially Remodeled
- New construction: No
- Year built: 1958
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Cable Available, Separate Meter
Community & HOA
Community
- Subdivision: Progresso 2-18 D
HOA
- Has HOA: No
Location
- Region: Fort Lauderdale
Financial & listing details
- Price per square foot: $806/sqft
- Annual tax amount: $15,966
- Date on market: 2/27/2025
- Listing terms: Cash,Conventional,Owner Will Carry,Owner Hold 2nd Mortgage
- Total actual rent: 11000
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