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For sale
  • Price cut: $76K (4/23)
    $1,599,000

    1501 NE 12th St, Fort Lauderdale, FL 33304

    4beds
    4baths
    1,985sqft
    : 
    Quadruplex
    Built in 1958
    -- sqft lot
    $1,482,400 Zestimate®
    $806/sqft
    $-- HOA

    What's special

    Enclosed garageDetached cottageDetached laundry roomLush landscaping
    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.
    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#: F10488973MLS LogoOriginating MLS: Beaches MLS
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 1501 NE 12th St.

    Next available tour time:Today at 11am

    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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