842 NORTH WEST 1ST AVE, Fort Lauderdale
$1,900,000 USD
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| Address | 842 NORTH WEST 1ST AVE, Fort Lauderdale |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments |
| Price | $1,900,000 |
| Previous Price | $2,050,000 (16 days ago) |
| Property Status | Active |
| MLS Number | A11831403 |
| Property Size | 10126 |
| Lot Size | 10126 |
| Year Built | 1973 |
| Folio Number | 494234063170 |
| Zoning Information | RMM-25 |
| Days on Market | 270 |
Detailed 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 sq.ft 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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Address Information
| State | Florida |
| City | Fort Lauderdale |
| County | Broward County |
| Zip Code | 33311 |
| Address | 842 NORTH WEST 1ST AVE |
| Section | 34 |
| Zip Code (4 Digits) | 7470 |
Financial Information
| Price | $1,900,000 |
| Price per Foot | $0 |
| Previous Price | $2,050,000 |
| Folio Number | 494234063170 |
| Tax Amount | $20,453 |
| Possession Information | Funding |
Full Descriptions
| Detailed 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 sq.ft 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. |
| Year Built Description | Resale |
| Roof Description | Other, Shingle |
| Floor Description | Other, Tile |
| Parking Description | Common |
Property parameters
| Living Area | 10126 |
| Lot Size | 10126 |
| Total Acreage | 0.230 |
| Zoning Information | RMM-25 |
| Maximum Leasable Size | 10126 |
| Year Built | 1973 |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments |
| Construction Type | Concrete Block Construction,CBS Construction |
| Stories Number | 2 |
| Street Direction | North West |
| Listed with | Fausto Commercial Realty Consultants Inc |