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$1,900,000 • living size area 4753 sqft
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.Gelfand Realty Miami Properties for Sale - Multi Family for Sale
Back to Search 842 NW 1ST AVE, FORT LAUDERDALE, FL 33311
Multi Family - PROGRESSO for Sale
842 NW 1ST AVE, FORT LAUDERDALE, FL 33311
Asking Price$1,900,000 Change Price$150,000
Share by:
- Living 4753sqft
- Taxes: Register to see
- Year Built 1973
-
Days on market:
76 day(s) -
Adjusted Area:
4753 sqft Original Price:
$2,050,000-
Price per sqft:
$399.75 Tax Legal Description:
PROGRESSO 2-18 D LOTS 44 THRU 46 BLK 259Tax Year:
2024-
MLS:
A11831358 -
Property Type:
Multi Family -
Style:
Fourplex
Construction Type:
Cbs ConstructionConcrete Block ConstructionRoof:
ShingleBuilt-UpCooling Description:
OtherHeating Description:
OtherFloor Description:
TileOtherLot Features:
Less Than 1/4 Acre LotType of Association:
None
Description
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