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
$1,050,000
1501 NE 12th Street, Fort Lauderdale, FL 33304
4beds
4baths
1,985sqft
Quadruplex, Multi Family, Multi Family
Built in 1958
-- sqft lot
$1,046,400 Zestimate®
$529/sqft
$2,828 Estimated rent
Home value
$1,046,400
$931,000 - $1.17M
$2,828/mo
Zestimate® history
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$2,828/mo
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$7,475/mo
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Zillow last checked:
Listing updated:
Listed by:
Steven B Boyette 954-871-1687,
Blue Realty Team, LLC
Bought with:
John Park, 3488917
Behavioral Health Properties LLC
John Park, 3488917
Behavioral Health Properties LLC
Source: BeachesMLS,MLS#: F10488973
Originating MLS: BeachesMLS
Originating MLS: BeachesMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Central, Separate Meters
Cooling
- Central Air
Features
- Flooring: Tile
Interior area
- Total interior livable area: 1,985 sqft
Property
Features
- Patio & porch: Porch, Balcony
- Exterior features: Balcony
Lot
- Features: 1/4 to 1/2 Acre Lot
Details
- Parcel number: 494234029240
- Zoning: RC-15
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family, Multi Family
Materials
- Block
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1958
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: Progresso 2-18 D
HOA
- Has HOA: No
- Services included: Maintenance Grounds
Location
- Region: Fort Lauderdale
Financial & listing details
- Price per square foot: $529/sqft
- Annual tax amount: $15,966
- Date on market: 2/28/2025
- Cumulative days on market: 70 days
- Listing terms: Cash,Conventional,Owner Will Carry
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2025 | Sold | $1,050,000-34.3%$529/sqft |
Source:  BeachesMLS #F10488973 Report a problem | ||
| 6/10/2025 | Pending sale | $1,599,000$806/sqft |
Source: BeachesMLS #F10488973 Report a problem | ||
| 4/23/2025 | Price change | $1,599,000-4.5%$806/sqft |
Source: BeachesMLS #F10488973 Report a problem | ||
| 2/27/2025 | Listed for sale | $1,675,000+70.1%$844/sqft |
Source: BeachesMLS #F10488973 Report a problem | ||
| 5/8/2024 | Sold | $985,000-6.2%$496/sqft |
Source:  MIAMI #A11520265 Report a problem | ||
| 3/24/2024 | Contingent | $1,050,000$529/sqft |
Source: MIAMI #A11520265 Report a problem | ||
| 3/16/2024 | Listed for sale | $1,050,000+21.4%$529/sqft |
Source: MIAMI #A11520265 Report a problem | ||
| 10/8/2022 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 8/20/2022 | Listed for rent | $1,950$1/sqft |
Source: Zillow Rental Network_1 Report a problem | ||
| 7/15/2022 | Sold | $865,000-3.8%$436/sqft |
Source: BeachesMLS #F10312386 Report a problem | ||
| 6/14/2022 | Contingent | $899,000$453/sqft |
Source: BeachesMLS #F10312386 Report a problem | ||
| 5/27/2022 | Price change | $899,000-5.4%$453/sqft |
Source: BeachesMLS #F10312386 Report a problem | ||
| 5/12/2022 | Price change | $950,000+5.7%$479/sqft |
Source: BeachesMLS #F10312386 Report a problem | ||
| 3/25/2022 | Listed for sale | $899,000$453/sqft |
Source: BeachesMLS #F10312386 Report a problem | ||
| 2/28/2022 | Contingent | $899,000$453/sqft |
Source: BeachesMLS #F10312386 Report a problem | ||
| 2/17/2022 | Price change | $899,000-10%$453/sqft |
Source: BeachesMLS #F10312386 Report a problem | ||
| 1/17/2022 | Price change | $999,000-9.2%$503/sqft |
Source: BeachesMLS #F10312386 Report a problem | ||
| 12/30/2021 | Listed for sale | $1,100,000$554/sqft |
Source: BeachesMLS #F10312386 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Lake Ridge
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Nearby schools
GreatSchools rating
- 5/10Bennett Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 6/10Sunrise Middle SchoolGrades: 6-8Distance: 0.4 mi
- 6/10Fort Lauderdale High SchoolGrades: 9-12Distance: 0.9 mi
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Estimated market value
$1,046,400
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Estimated market value
$1,046,400
- Florida
- Broward County
- Fort Lauderdale
- 33304
- Lake Ridge
- 1501 NE 12th Street
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