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Alex Mendel

alex@mendelgroupfl.com +1(561) 827-8449

$ 1,599,000

Est. payment -/mo

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Price Dropped by $76K

1501 NE 12th St Fort Lauderdale, FL 33304

1,985 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,985 sqft

Price per Sqft $805

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 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.

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

Listed by Blue Realty Team, LLC

Alex Mendel

Agent

+1(561) 827-8449

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Alex Mendel

1501 NE 12th St Fort Lauderdale, FL 33304

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1501 NE 12th St