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

$849,500Price
2,423SqFt

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Details

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Status:
Backup
Size: 2,423 SqFt (225 m2)
Price: $351/SqFt ($3,774/m2)
Type: Multi Family
Built: 1974
MLS Number: A11723168
On Site: 197 Days
Updated: 126 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
      Interior, Heating and Cooling
      • Heating Description: Central
      • Cooling Description: CentralAir
      Building and Construction
      • Floor Description: Tile
      • Windows/Treatment: ImpactGlass
      • Year Built: 1974
      • Year Built Description: Effective Year Built
      • Style: Fourplex
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
        Other Property Info
        • Listing Date: 2025-01-13T09:00:26.000-00:00
        Taxes, Fees & More
        • Taxes: 13009

        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 Comps

        $200/ft²
        $300/ft²
        $400/ft²
        $600/ft²

        Unit 831 NW 1st Ave – Asking

        $351/ft²

        (-10%) from Closed Medium $/ft²

        Closed Medium $/ft²

        $388/ft²
        Community $/Price Range (Closed) $306/ft² – $492/ft²
        No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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