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842 NW 1st Ave, Fort Lauderdale, FL, 33311
2,050,000(-7.32% )
4,753SqFt
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Details
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Status:
Active
Size: 4,753 SqFt (442 m2)
Price: $400/SqFt ($4,303/m2)
Type: Multi Family
Built: 1973
MLS Number: A11831358
On Site: 235 Days
Updated: 30 Days ago
Page Views: 0
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.
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
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          Price History
          09/18/2025
          Date
          Price Reduced
          Event
          $1.9M
          Price
          -7.32%
          Change Rate
          $400 ft2 / $4,303 m2
          Price Per
          06/30/2025
          Date
          Listed
          Event
          $2.1M
          Price
          $431 ft2 / $4,643 m2
          Price Per
          Price per square foot and days on website are not provided values and are calculated by Subdivisions.
          Listed by Elior LeviFausto Commercial Realty Consultants Inc • Buyer Agency Compensation .
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