BEDS0
BATHS
SQUARE FEET4,753
MLS#A11831358
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONPROGRESSO
Property 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 Lauderdales fastest-growing corridors.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Other
Heating: Other
Home Style: Detached
Roof Type: Built-Up, Shingle
Stories: 2.0
Taxes: $20,453
Year Built: 1973
Feature Descriptions
Crops Included Y/N: No
Days on Site: 270
Exterior: Concrete Block Construction, CBS Construction
Flooring: Other, Tile
Home Warranty Y/N: No
Lease Considered Y/N: No
Listing Terms: All Cash, Conventional, Owner Will Carry
Lot: Less Than 1/4 Acre Lot
Parcel#: 494234063170
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Units: 8
Listed By / Shown By
Listed By
Agency Name: Fausto Commercial Realty Consultants Inc
Agency Phone: 786-748-7373
Shown By
Agency Title: Adams Cameron & Co. REALTORS - Commercial
Agency Phone: (386) 252-3120
Estimate Your Payment
Estimated Payment
$ 12,371.18 per month $10,112.60 Principal & Interest $1,704.42 Property Tax $554.17 Homeowner's Insurance
842 NW 1st Ave | MLS# A11831358
This multi-family property located at 842 NW 1st Ave, Fort Lauderdale, FL 33311 is currently listed for sale with an asking price of $1,900,000. Search Fort Lauderdale real estate on www.adamscameroncommercial.com today.