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.
- Parking Features
- Roof:
- Shingle, Other
- State:
- FL
- County:
- Broward
- City:
- Fort Lauderdale
- Zipcode:
- 33311
- Street:
- 842 Nw 1st Ave, Fort Lauderdale, Florida 33311
- Longitude:
- W81° 51' 18.1''
- Latitude:
- N26° 8' 2.4''
- Building Area:
- 4,753 Sqft
- Construction Materials:
- Block
- Cumulative DOM:
- 587
- DOM:
- 221
- Flooring:
- Tile, Other
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lease Term:
- 36 Months
- Listing Terms:
- Cash,Conventional,Owner May Carry,Other
- Parcel Number:
- 494234063170
- Structure Type:
- Apartment
- Tax Annual Amount:
- $20,453
- Virtual Tour:
- Click Here
Commercial Sale For Sale
842 Nw 1st Ave, Fort Lauderdale, Florida 33311, Fort Lauderdale, Florida 33311
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $1,900,000
- Year Built :
- 1973
- Lot Area :
- 10,126 Sqft
- MLS # :
- A11831403
- Property Sub Type :
- Multi Family
