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.
Sold for $1,050,000 on 07/15/25
$1,050,000
1501 NE 12th St, Fort Lauderdale, FL 33304
4beds
4baths
1,985sqft
Quadruplex
Built in 1958
-- sqft lot
$1,024,400 Zestimate®
$529/sqft
$3,420 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 11, 2025 at 10:15am
Listed by:
Steve Boyette 954-871-1687,
Blue Realty Team, LLC
Bought with:
John Park, 3488917
Behavioral Health Properties LLC
Source: BeachesMLS ,MLS#: F10488973
Originating MLS: Beaches MLS
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
Property
Parking
- Total spaces: 9
Features
- Stories: 1
Lot
- Features: 1/4 To Less Than 1/2 Acre Lot
Details
- Parcel number: 494234029240
- Zoning: RC-15
- Special conditions: As Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Concrete, Cbs Construction
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1958
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Cable Available
Community & neighborhood
Location
- Region: Fort Lauderdale
- Subdivision: Progresso 2-18 D
HOA & financial
Other financial information
- Total actual rent: 11000
Other
Other facts
- Listing terms: Assumable,Cash,Conventional,Owner Will Carry,Owner Hold 2nd Mortgage
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Estimated market value
$1,024,400