842 NW 1st Avenue, Fort Lauderdale, FL 33311

Fort Lauderdale
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
842 NW 1st Avenue,Fort Lauderdale, FL 33311
$1,650,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: elior levi
Office: fausto commercial realty consultants inc
MLS#:A11831358
Source:RMLS

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Price summary

  • Price:$1,650,000

About this home

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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Home facts

  • Year built:1973
  • Subdivision & Development:PROGRESSO
  • Listing ID #:A11831358
  • Added:107 day(s) ago
  • Updated:September 25, 2026 at 06:25 AM

Rooms and interior

  • Flooring:Tile

Structure and exterior

  • Roof:Built Up, Shingle
  • Year built:1973
  • Construction Materials:Block

Schools

  • High school:Fort Lauderdale
  • Middle school:Sunrise
  • Elementary school:North Side

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,650,000
  • Tax amount:$20,453 (2024)

Parking

  • Total parking spaces:11
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. RMLS Member Broker: Gene Whiddon III <gwhiddon@bhgfirst.com>

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