842 NW 1st Ave, Fort Lauderdale FL 33311

For sale Days on market 205

PROGRESSO [ Quadruplex ]

$1,900,000

$400/sq ft

$150,000
Price Decreased

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Overview

Year Built

1973

Sqft

4753

Property 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.

Property Details

MLS#

A11831358

Total Floor in Bldg

Building

PROGRESSO

Address

842 1st Ave NW

City

Fort Lauderdale

State/county

Zip/Postal Code

33311

Area

Progresso

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$20,453

Maint Fee

$--

Tax Year

2024

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