842 Nw 1st Ave, Fort Lauderdale, FL 33311
- $1,900,000
- 4,753
- SqFt
- List Price
- $1,900,000
- Price Change
- ▼ $150,000 1758236080
- MLS
- A11831358
- Complex Name
- Progresso
- Status
- ACTIVE WITH CONTRACT
- Type
- Multifamily
- Living Area
- 4,753
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.
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Additional Information
- Days on Market
- 376
- Style
- Quadruplex, Fourplex
- #Parking Spaces
- 11
- Year Built
- 1973
- Development Name
- Progresso
- #Stories
- 2
- Construction Type
- Concrete Block Construction, CBS Construction
- Section
- 34
Mortgage Calculator
Listing Courtesy of Fausto Commercial Realty Consultants Inc, Contact: