Unique opportunity to own a LEGAL 6-UNIT building + a Laundry room, large corner lot located in the east Fort Lauderdale neighborhood of Lake Ridge! Five studios and one 1-bedroom. Building recently updated / renovated. New electrical panels, partial PVC, ti

1717 NORTH EAST 12TH ST #6, Fort Lauderdale

$1,270,000 USD
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Address1717 NORTH EAST 12TH ST #6, Fort Lauderdale
Building NamePROGRESSO
Type of PropertyQuadruplex
Property StyleQuadruplex
Price$1,270,000
Previous Price$1,270 (39 days ago)
Property StatusActive
MLS NumberA11875467
Living Area2664
Year Built1962
Parking Space Number10
Folio Number494234028660
Gross Rent Income$97,389
Zoning InformationRC-15
Days on Market40

Detailed Description: Unique opportunity to own a LEGAL 6-UNIT building + a Laundry room, large corner lot located in the east Fort Lauderdale neighborhood of Lake Ridge! Five studios and one 1-bedroom. Building recently updated / renovated. New electrical panels, partial PVC, tile flooring, several water heaters, appliances and A / C units replaced, recessed lighting, W / D on site. Parking for 8 + cars. All long-term tenants now, but this is a perfect AIRBNB opportunity for the future! Current CAP rate 5.1%. Less than 2 miles to Fort Lauderdale Beach!

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Address Information
StateFlorida
CityFort Lauderdale
CountyBroward County
Zip Code33304
Address1717 NORTH EAST 12TH ST
Section34
Zip Code (4 Digits)2569
Financial Information
Price$1,270,000
Price per Foot$0
Previous Price$1,270
Folio Number494234028660
Gross Rent Income$97,389
Tax Amount$18,461
Tax Year2024
Possession InformationFunding
Full Descriptions
Detailed DescriptionUnique opportunity to own a LEGAL 6-UNIT building + a Laundry room, large corner lot located in the east Fort Lauderdale neighborhood of Lake Ridge! Five studios and one 1-bedroom. Building recently updated / renovated. New electrical panels, partial PVC, tile flooring, several water heaters, appliances and A / C units replaced, recessed lighting, W / D on site. Parking for 8 + cars. All long-term tenants now, but this is a perfect AIRBNB opportunity for the future! Current CAP rate 5.1%. Less than 2 miles to Fort Lauderdale Beach!
Roof DescriptionSlate
Floor DescriptionCeramic Floor, Parquet
Cooling DescriptionCeiling Fan (s), Electric
Heating DescriptionNone
Water DescriptionMunicipal Water
Sewer DescriptionPublic Sewer
Property parameters
Living Area2664
Zoning InformationRC-15
Year Built1962
Type of PropertyQuadruplex
StyleQuadruplex
Building NamePROGRESSO
Development NamePROGRESSO
Construction TypeConcrete Block Construction
Stories Number1.000
Street DirectionNorth East
Parking Space Number10
Listed withMiami Forever Real Estate