842 NW 1st Ave, Fort Lauderdale, FL 33311
Local realty services provided by:CENTURY 21 World Connection
842 NW 1st Ave,Fort Lauderdale, FL 33311
$1,650,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: elior levi
Office: fausto commercial realty consultants inc786-748-7373
MLS#:A11831358
Source:SEFMLS
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Price summary
- Price:$1,650,000
About this home
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.
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Home facts
- Year built:1973
- Subdivision & Development:PROGRESSO
- Listing ID #:A11831358
- Updated:October 30, 2026 at 07:02 AM
Rooms and interior
- Flooring:Tile
Structure and exterior
- Roof:Built-Up, Shingle
- Year built:1973
- Architectural Style:Fourplex
- Construction Materials:Block
- Levels:2 Story
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,650,000
- Tax amount:$20,453 (2024)
Parking
- Total parking spaces:11
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