842 NW 1st Ave, Fort Lauderdale, FL 33311
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
Listed by:elior levi
Office:fausto commercial realty consultants inc
MLS#:A11831358
Source:SEFMLS
Price summary
- Price:$2,050,000
- Price per sq. ft.:$431.31
About this home
Prime 8-unit multifamily in booming Downtown Fort Lauderdale, just off Andrews Ave and Sunrise Blvd in Progresso Village. Fully stabilized with spacious 1-bed/1-bath units featuring modern interiors, impact doors, separate meters, and extensive updates including new kitchens, doors, vanities, light fixtures, cabinets, stone counters, and walk-in closets. Fully leased at $1,750/month on Section 8, providing secure income from day one, with pro forma rents of $1,900+. The 10,000 SF lot (zoned RMM-25 and being rezoned to NW RAC) offers future potential to double the unit count. Rare seller financing at 5.5% interest-only makes this a standout cash flow and redevelopment opportunity in Fort Lauderdale’s fastest-growing corridor.
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Home facts
- Year built:1973
- Listing Id #:A11831358
- Updated:August 15, 2025 at 09:55 AM
Rooms and interior
- Living area:4,753 sq. ft.
Structure and exterior
- Roof:Built-Up, Shingle
- Year built:1973
- Building area:4,753 sq. ft.
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,050,000
- Price per sq. ft.:$431.31
- Tax amount:$20,453 (2024)
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