Price Reduced 7.32%
Price History
$2,050,000
7/5/2025
$1,900,000
9/18/2025
842 NW 1st Ave, Fort Lauderdale, FL, 33311
1973
Fourplex
4,753 sqft
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.
Status:
Active
Type:
Multi-family
Zoning:
RMM-25
Subdivision:
PROGRESSO
Heating:
Other
Cooling:
Other
Parking:
11-car
Est. Taxes:
$20,453
Construction
Block
Utilities
Cable Available
Lot Description:
< 1/4 Acre
Days on Market:
76
Pool:
None
MLS #:
A11831358
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of Fausto Commercial Realty Consultants Inc 9547437594