842 NW 1st AVE, Fort Lauderdale, FL 33311
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Teresa Santana

Teresa Santana

+1(954) 873-1586
$ 1,900,000
Est. payment /mo
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Active Under Contract

842 NW 1st AVE Fort Lauderdale, FL 33311

4,753 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,753 sqft

Price per Sqft $399

Subdivision Progresso

MLS Listing ID A11831358

Construction Status Resale

HOA Y/N No

Year Built 1973

Annual Tax Amount $20,453

Tax Year 2024

Contingent Inspection

Property Sub-Type Quadruplex

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

Heating Other, Separate Meters

Cooling Other

Flooring Other, Tile

Fireplace No

Exterior

Utilities Available Cable Available

Roof Type Built-Up,Shingle

Total Parking Spaces 11

Private Pool No

Building

Dwelling Type Multi Family

Story 2

Sewer Public Sewer

New Construction No

Construction Status Resale

Schools

Elementary Schools North Side

Middle Schools Sunrise

High Schools Fort Lauderdale

Others

Pets Allowed No

Tax ID 494234063170

Acceptable Financing Cash, Conventional, Owner Will Carry, Other

Listing Terms Cash, Conventional, Owner Will Carry, Other

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11831358

BeachesMLS, Inc. (FLR) VOW
Listed by Elior Levi Fausto Commercial Realty Consultants Inc

NEARBY SCHOOLS & PROPERTIES

Teresa Santana

Teresa Santana

CEO | comp3055437

+1(954) 873-1586

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