1501 NE 12th Street, Fort Lauderdale, FL 33304
- $1,050,000
- 1,985
- SqFt
- Sold Price
- $1,050,000
- List Price
- $1,599,000
- Days on Market
- 71
- Closing Date
- Jul 15, 2025
- MLS#
- F10488973
- Sq. Ft
- 1,985
- Subtype
- Quadruplex
- County
- Broward
- Subdivision
- Progresso 2-18 D
- Year Built
- 1958
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 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.
Additional Information
- Construction
- Block
- Cooling
- Central Air
- Flooring
- Tile
- Heating
- Central, Separate Meters
- Restrict
- OtherRestrictions
- Roof
- Composition
- Taxes
- $15,966
- Utilities
- Cable Available
- Stories
- 1
- Price Per Sqft
- $528
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Listing courtesy of Blue Realty Team, LLC. Contact:
Selling Office: Behavioral Health Properties LLC.
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Steven B Boyette | Email: steve@bluerealtyteam.com