1501 NE 12th St new Save Request In-Person Tour Request Virtual Tour
Fort Lauderdale,FL 33304
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,985 sqft
Price per Sqft $843
Subdivision Progresso 2-18 D
MLS Listing ID F10488973
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1958
Annual Tax Amount $15,966
Tax Year 2024
Property Sub-Type Fourplex
Property Description
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.
Location
State FL
County Broward County
Community Lake Ridge
Area Ft Ldale Ne (3240-3270;3350-3380;3440-3450;3700)
Zoning RC-15
Interior
Heating Central Heat
Cooling Central Cooling
Flooring Tile Floors
Exterior
Water Access N
Roof Type Composition Roll
Private Pool No
Building
Lot Description 1/4 To Less Than 1/2 Acre Lot
Story 1.0000
Foundation Concrete Block Construction,Cbs Construction
Sewer Municipal Sewer
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash,Conventional,Owner Financing,Owner Hold 2nd Mortgage
Listing Terms Cash,Conventional,Owner Financing,Owner Hold 2nd Mortgage
Special Listing Condition As Is