Basic Information
- MLS # A11831403
- Type Multi Family
- Status Active
- Year Built 1973
- Total Sqft 10,126
- Date Listed 07/06/2025
- Days on Market 10
Prime 8-unit multifamily in booming Downtown Fort Lauderdale, just off Andrews Ave and Sunrise Blvd in Progresso Village. Fully stabilized with spacious 1-bed/1-bath units featuring modern interiors, impact doors, separate meters, and extensive updates including new kitchens, doors, vanities, light fixtures, cabinets, stone counters, and walk-in closets. Fully leased at $1,750/month on Section 8, providing secure income from day one, with pro forma rents of $1,900+. The 10,000 SF lot (zoned RMM-25 and being rezoned to NW RAC) offers future potential to double the unit count. Rare seller financing at 5.5% interest-only makes this a standout cash flow and redevelopment opportunity in Fort Lauderdale’s fastest-growing corridor.
Amenities
Exterior Features
- Waterfront No
- Parking Spaces 0
- Pool No
- Construction Type Block
- Parking Description Common
- Roof Description Other, Shingle
- Style Multi Family
Interior Features
- Adjusted Sqft 10,126Sq.Ft
- Floor Description Other, Tile
- Sqft 10,126 Sq.Ft
Property Features
- Address 842 NW 1st Ave
- Aprox. Lot Size 10,126
- City Fort Lauderdale
- Construction Materials Block
- County Broward
- Furnished Info no
- Levels Two
- Listing Terms Cash, Conventional, Owner May Carry, Other
- Occupant Type Call Agent
- Parking Features Common
- Possession Closing And Funding
- Postal City Fort Lauderdale
- Public Survey Section Two
- Roof Other, Shingle
- Stories 2
- Subdivision Complex
- Subdivision Info
- Tax Amount $20,453
- Tax Legal desc P R O G R E S S O2-18 D L O T S44 T H R U46 B L K259
- Tax Year 0
- Terms Considered Cash, Conventional, Owner May Carry, Other
- Type of Property Multi Family
- Year Built Details Resale
842 NW 1st Ave
Fort Lauderdale, FL 33311Similar Properties For Sale
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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fausto Commercial Realty Consultants Inc. tel: 9547437210
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