About 842 Nw 1st Avenue
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 of 842 Nw 1st Avenue
| MLS® # | A11831403 |
|---|---|
| Price | $1,900,000 |
| Acres | 0.23 |
| Year Built | 1973 |
| Type | Commercial |
| Sub-Type | Multi Family |
| Status | Active Under Contract |
Community Information
| Address | 842 Nw 1st Avenue |
|---|---|
| Area | 3810 |
| City | Fort Lauderdale |
| County | Broward |
| State | FL |
| Zip Code | 33311 |
| HOPA | No Hopa |
Amenities
| Parking | Common |
|---|
Exterior
| Roof | Other, Shingle |
|---|---|
| Construction | Block, CBS |
Additional Information
| Zoning | RMM-25 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Fausto Commercial Realty Consultants Inc |
|---|