1501 NE 12th Street

Listing Snapshot

Price

$1,599,000

Days on Site

70 Days

Bedrooms

0

Total Baths

0

Living Area

1,985 sqft

Year Built

1958

Property Type

Multi-Family

MLS #

F10488973

Property Tax

$15,966 (2024)

Subdivision

Progresso 2-18 D

Development

Lake Ridge

County

Broward

Status

Sold

Special Conditions

Listed As Is

About This Property

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.

General Features

Property Type

Multi-Family

Status

Sold

Year Built

1958

Property Condition

Resale

Number of Stories

1

Living Sq Ft

1,985

Sewer

Public Sewer

Zoning

RC-15

Interior Features

Cooling

Central Air

Heating

Central / Separate Meters

Flooring

Tile

Exterior Features

Construction

Block

Roof

Composition

Exterior Features

Balcony

Patio & Porch

Porch / Balcony

Lot Features

Quarter To Half Acre Lot

Community & HOA

HOA Includes

Maintenance Grounds

Utilities

Cable Available

Financing Terms

Cash / Conventional / Owner Will Carry

Restrictions

Other Restrictions

MLS Area

3380