Multifamily in Fort Lauderdale, FL 33304Lake Ridge, 1501 NE 12th St
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Closed
1,985
SqFtStatus
Sold - Jul 15, 2025
Size
1,985 SqFt (184 m2)
Price
$529/SqFt ($5,694/m2)
Type
Multifamily
Built
1958
MLS Number
F10488973
On Site
561 Days
Updated
21 Days ago
Page Views
0
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.
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: Central, SeparateMeters
- Cooling Description: CentralAir
Building and Construction
- Floor Description: Tile
- Year Built: 1958
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2025-02-27T15:59:29.000-00:00
Taxes, Fees & More
- Maintenance Includes: MaintenanceGrounds
- Taxes: 15966
- Total Floors in Building: 1
- Total Units in Building: 4
- Total Units in Complex: 4
Apples-to-Apples Comparables
Price History
Current
$1.1M
High
$1.7M
Low
$1.1M
Total Change
-37.3%Date
Event
Price
Change
Price Per
07/15/2025
Sold
$1.1M
0%$529 ft2
$5,694 m2
04/23/2025
Price Reduced
$1.1M
-34.33%$529 ft2
$5,694 m2
04/23/2025
Price Reduced
$1.6M
-4.54%$806 ft2
$8,671 m2
02/27/2025
Listed
$1.7M
 $844 ft2
$9,083 m2
07/15/2025
$1.1M
Event
Sold
Change
0%Price Per
$529 ft2
$5,694 m2
04/23/2025
$1.1M
Event
Price Reduced
Change
-34.33%Price Per
$529 ft2
$5,694 m2
04/23/2025
$1.6M
Event
Price Reduced
Change
-4.54%Price Per
$806 ft2
$8,671 m2
02/27/2025
$1.7M
Event
Listed
Price Per
$844 ft2
$9,083 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Steven Boyette • Blue Realty Team, LLC • Buyer Agency Compensation .
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Scores
81
100
38
100
57
100
77
100
0
100
29
100
1
100
Community Snapshot
1 – 4 BR
Bedrooms
$145K – $1.6M
Price Tier
540 - 10,650
SqFt Range
2004
Year Build
2
Total Floors
Subdivision Amenities
None
Pool
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