1501 NE 12th St Fort Lauderdale, FL 33304
Lake Ridge NeighborhoodEstimated payment $10,239/month
Highlights
- Tile Flooring
- Fort Lauderdale High School Rated A
- Central Heating and Cooling System
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,966
Year Built
- Built in 1958
Parking
- 9 Parking Spaces
Home Design
- Quadruplex
- Composition Roof
Interior Spaces
- 1,985 Sq Ft Home
- 1-Story Property
- Tile Flooring
Utilities
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Rent includes gardener
- Assessor Parcel Number 494234029240
- Seller Considering Concessions
Community Details
Overview
- 4 Units
- Progresso 2 18 D Subdivision
Building Details
- Net Operating Income $117,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,966 | $890,910 | $35,780 | $855,130 |
| 2024 | $16,080 | $756,920 | $52,040 | $704,880 |
| 2023 | $16,080 | $756,920 | $52,040 | $704,880 |
| 2022 | $11,286 | $516,880 | $52,040 | $464,840 |
| 2021 | $8,333 | $398,840 | $0 | $0 |
| 2020 | $8,001 | $391,170 | $0 | $0 |
| 2019 | $6,875 | $360,680 | $52,040 | $308,640 |
| 2018 | $4,867 | $277,330 | $52,040 | $225,290 |
| 2017 | $4,554 | $179,700 | $0 | $0 |
| 2016 | $4,259 | $163,370 | $0 | $0 |
| 2015 | $3,587 | $148,520 | $0 | $0 |
| 2014 | $3,446 | $138,700 | $0 | $0 |
| 2013 | -- | $134,600 | $52,040 | $82,560 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/23/2025 04/23/25 | Price Changed | $1,599,000 | -4.5% | $806 / Sq Ft |
| 02/27/2025 02/27/25 | For Sale | $1,675,000 | +70.1% | $844 / Sq Ft |
| 05/08/2024 05/08/24 | Sold | $985,000 | -6.2% | $411 / Sq Ft |
| 03/16/2024 03/16/24 | For Sale | $1,050,000 | +6.6% | $438 / Sq Ft |
| 01/24/2024 01/24/24 | Off Market | $985,000 | -- | -- |
| 07/15/2022 07/15/22 | Sold | $865,000 | -3.8% | $461 / Sq Ft |
| 06/14/2022 06/14/22 | Pending | -- | -- | -- |
| 12/30/2021 12/30/21 | For Sale | $899,000 | -- | $479 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $985,000 | None Listed On Document | |
| Warranty Deed | $865,000 | Giovanni Nicosia Pa | |
| Warranty Deed | $399,000 | Attorney | |
| Warranty Deed | $160,000 | Attorney | |
| Deed | $73,000 | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $776,000 | New Conventional | |
| Previous Owner | $510,000 | New Conventional | |
| Previous Owner | $413,000 | New Conventional | |
| Previous Owner | $406,084 | FHA | |
| Previous Owner | $391,773 | FHA | |
| Previous Owner | $35,000 | Unknown | |
| Previous Owner | $65,300 | Commercial | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $71,000 | New Conventional | |
| Previous Owner | $25,000 | Credit Line Revolving | |
| Previous Owner | $72,000 | Commercial |
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: F10488973
APN: 49-42-34-02-9240
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