842 NW 1st Ave, Fort Lauderdale FL 33311 — #A11831358
- $1,900,000
- $1,900,000
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.
This listing is courtesy of Fausto Commercial Realty Consultants Inc
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Overview
- Quadruplex
- 4753 sqft
- 1973
- A11831358
Details
Updated on June 8, 2026 at 1:18 pm-
Property ID A11831358
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Price $1,900,000
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Property Size 4753 sqft
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Year Built 1973
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Type Quadruplex
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Property Status For Sale
Address
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Address: 842 NW 1st Ave
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City: Fort Lauderdale
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State/county: Florida
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Zip/Postal Code: 33311
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Area: PROGRESSO
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Country: United States
- JFA Realtors
