Fort Lauderdale, FL 33311 842 NW 1st Ave
$2,050,000
24 more
Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc;
Beds • 1
Baths • 1
SQFT • 4,753
Home Details
Prime 8-unit multifamily in booming Downtown Fort Lauderdale, just off Andrews Ave and Sunrise Blvd in Progresso Village. Fully stabilized with spacious 1-bed/1-bath units featuring modern interiors, impact doors, separate meters, and extensive updates including new kitchens, doors, vanities, light fixtures, cabinets, stone counters, and walk-in closets. Fully leased at $1,750/month on Section 8, providing secure income from day one, with pro forma rents of $1,900+. The 10,000 SF lot (zoned RMM-25 and being rezoned to NW RAC) offers future potential to double the unit count. Rare seller financing at 5.5% interest-only makes this a standout cash flow and redevelopment opportunity in Fort Lauderdale’s fastest-growing corridor.
Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc;
Interior Features for 842 NW 1st Ave
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
FlooringOther, Tile
Heating Y/NNo
General for 842 NW 1st Ave
Additional Parcels Y/NNo
Architectural StyleFourplex
Attached Garage No
Carport Y/NNo
CityFort Lauderdale
Construction MaterialsBlock
CoolingOther
CountyBroward
Garage Y/NNo
HOANo
HeatingOther
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionPROGRESSO 2-18 D LOTS 44 THRU 46 BLK 259
LevelsTwo
Listing TermsCash, Conventional, OwnerMayCarry, Other
Lot Size UnitsSquareFeet
MLS Area3810
MLS Area MinorFt Ldale NW(3390-3400;3460;3540-3560;3720;3810)
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeCallAgent
Pool FeaturesNone
PossessionClosingAndFunding
PostalCityFort Lauderdale
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Rent IncludesGardener, HotWater, Other, PestControl, Sewer, TrashCollection, Water
RoofBuiltUp, Shingle
Senior Community Y/NNo
SewerPublicSewer
Showing InstructionsCall Listing Agent
Standard StatusActive
StatusActive
Stories Count2
Subdivision NamePROGRESSO
Tax Annual Amount20453.0
Tax Year2024
UtilitiesCableAvailable
Virtual TourClick here
Year Built1973
Year Built DetailsResale
Zoning DescriptionRMM-25
Exterior for 842 NW 1st Ave
Building Area Total4753.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLessThanQuarterAcre
Private PoolNo
SpaNo
Total Parking11.0
Waterfront Y/NNo
Additional Details
Price History
Mackenson Pierre
Realtor
