842 NW 1st Ave, Fort Lauderdale, FL 33311

Local realty services provided by:Better Homes and Gardens Real Estate Destinations
842 NW 1st Ave,Fort Lauderdale, FL 33311
$1,900,000
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  • - Beds
  • - Baths
  • 4,753 sq. ft.
  • Multi-family
  • Active
Listed by:elior levi
Office:fausto commercial realty consultants inc
MLS#:A11831358
Source:SEFMLS

Price summary

  • Price:$1,900,000
  • Price per sq. ft.:$399.75

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
  • Listing ID #:A11831358
  • Updated:September 19, 2025 at 03:25 PM

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:$1,900,000
  • Price per sq. ft.:$399.75
  • Tax amount:$20,453 (2024)
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