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Multifamily in Fort Lauderdale, FL 33311Progresso Village, 842 NW 1st Ave
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Beds
4,753
SqFt$400
$/SqFtPremium Multifamily
Built in 1973
Fourplex
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.
MLS Number: A11831358
On Site: 443 Days
Updated: 67 Days ago
Page Views: 0
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: Other
- Cooling Description: Other
Building and Construction
- Floor Description: Other,Tile
- Year Built: 1973
- Year Built Description: Resale
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2025-07-05T22:12:35.000-00:00
Taxes, Fees & More
- Taxes: 20453
Apples-to-Apples Comparables
Price History
Current
$1.9M
High
$2.1M
Low
$1.9M
Total Change
-7.3%Date
Event
Price
Change
Price Per
09/18/2025
Price Reduced
$1.9M
-7.32%$400 ft2
$4,303 m2
06/30/2025
Listed
$2.1M
$431 ft2
$4,643 m2
09/18/2025
$1.9M
Event
Price Reduced
Change
-7.32%Price Per
$400 ft2
$4,303 m2
06/30/2025
$2.1M
Event
Listed
Price Per
$431 ft2
$4,643 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Elior Levi • Fausto Commercial Realty Consultants Inc • Buyer Agency Compensation .
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Scores
86
100
51
100
68
100
Community Snapshot
3 – 5 BR
Bedrooms
$135K – $2.9M
Price Tier
689 - 5,508
SqFt Range
2003
Year Build
2
Total Floors
Subdivision Amenities
None
Fort Lauderdale Premium Premium Homes & Condos
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- Bel-Ter House1
- Birch Crest Condo2
- Boulevard Gardens House4
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- Brysa Park Mixed0
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- City View Townhomes Townhouse2
- Clair Lake Mixed3
- Cobble East Townhouse0
- Collier Groves House2
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- Dorsey Park Mixed18
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- Floral Heights Mixed4
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- Garden View Apartments Condo0
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- Gateway Park Mixed1
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- Golden Heights Homes House3
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- Heritage Landings Condo2
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- Hibiscus House Condo0
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- Hillmont Heights Mixed0
- Holland House2
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Progresso Village Communities in Fort Lauderdale, FL
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