30
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$1,900,000
Est. payment /mo
4,753 SqFt
Price Dropped by $150K
842 NW 1st Ave Fort Lauderdale, FL 33311
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,753 sqft
Price per Sqft $399
MLS Listing ID A11831403
HOA Y/N No
Year Built 1973
Annual Tax Amount $20,453
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Multi Family
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 Lauderdale's fastest-growing corridors.
Location
State FL
County Broward
Area 3810
Interior
Flooring Other, Tile
Exterior
Roof Type Other,Shingle
Private Pool Yes
Building
Story 2
Level or Stories Two
Structure Type Block
Others
Tax ID 494234063170
Acceptable Financing Cash, Conventional, Owner May Carry, Other
Listing Terms Cash, Conventional, Owner May Carry, Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11831403
Listed by Fausto Commercial Realty Consultants Inc
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