Fort Lauderdale, FL 33311 842 NW 1st Ave
$1,900,000
24 more
Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc;
Beds • 1
Baths • 1
SQFT • 4,753
Home Details
Rare opportunity to acquire an 8-unit multifamily in Progresso Village, just off Andrews Ave and Sunrise Blvd in Downtown Fort Lauderdale. The property offers eight 1-bed/1-bath units with modern interiors, impact doors, separate meters, and upgrades including new kitchens, stone counters, walk-in closets, vanities, light fixtures, and cabinets. Currently 7 units are leased with 1 recently renovated and vacant, generating $146,568 gross income with upside as rents renew. Sitting on a 10,000 SF lot zoned RMM-25 and in process of rezoning to NW RAC, the site offers potential to double the unit count. With rare seller financing at 5.5% interest-only, this investment delivers strong cash flow and long-term redevelopment potential in one of Fort Lauderdale’s fastest-growing corridors.
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
Living Area4753.0
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
Dayse Evellyn Beckvermit
Realtor®
