Property Description

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
Swimming Pool
Heating System
Cooling System
Parking
Architectural Style
Roof:
Shingle, Built-up
Sewer
Address Map
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''
MLS Addon
Building Area:
4,753 Sqft
Construction Materials:
Block
Cumulative DOM:
205
DOM:
221
Flooring:
Tile, Other
Internet Address Display:
1
Internet Listing Display:
1
Listing Terms:
Cash,Conventional,Owner May Carry,Other
Lot Features
Parcel Number:
494234063170
Subdivision Name:
PROGRESSO
Tax Annual Amount:
$20,453
Tax Year:
2024
Utilities
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Residential Income For Sale

842 Nw 1st Ave, Fort Lauderdale, Florida 33311, Fort Lauderdale, Florida 33311

4,753 Sqft
$1,900,000
MLS # #A11831358
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Price :
$1,900,000
Square Footage :
4,753 Sqft
Year Built :
1973
MLS # :
A11831358
Property Sub Type :
Quadruplex
Agent info
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