Progresso Village, 831 NW 1st Ave Fort Lauderdale, FL 33311

$849,500Price
2,423SqFt

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Size: 2,423 ft2 / 225 m2
Price: $351 ft2 / $3,774 m2
Built: 1974
MLS Number: A11723168
On Site: 80 Days
Updated: 9 Days ago
Page Views: 0
Discover a prime investment opportunity at 831 nw 1st ave, fort lauderdale, a well-maintained 4-unit multifamily property offering steady cash flow and future potential. Each spacious unit averages 600 square feet and generates $1,600 per month in rent, making this property an attractive income-producing asset. The building features hurricane impact windows for added security and durability. Conveniently near downtown fort lauderdale, the property is surrounded by significant development, including a site across the street recently rezoned to allow up to 120 feet in height and 150 units per acre. While this zoning doesn’t apply to the subject property, its proximity to such growth enhances the area’s appeal and long-term value.

Features

Bedrooms
Bathrooms
Exterior and Lot Features
Exterior Features: SecurityHighImpactDoors

Price History

01/13/2025

Date

Listed

Event

$849.5K

Price

$351 ft2 / $3,774 m2

Price Per

Price per square foot and days on website are not provided values and are calculated by Subdivisions.

Listed by Johnathan Ibarra-BlackmoonAdache LLC • Buyer Agency Compensation .

Instant Comparative Market Analysis

$100/ft²
$200/ft²
$400/ft²
$600/ft²

Unit 831 NW 1st Ave – Asking

$351/ft²

(-2%) from Closed Medium $/ft²

Closed Medium $/ft²

$358/ft²
Community $/Price Range (Closed) $264/ft² – $402/ft²
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