30
See all 30 photos
$2,050,000
Est. payment /mo
4,753 SqFt
New
842 NW 1st Ave Fort Lauderdale, FL 33311
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,753 sqft
Price per Sqft $431
MLS Listing ID A11831403
Construction Status Resale
HOA Y/N No
Year Built 1973
Annual Tax Amount $20,453
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Multi Family
Property Description
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.
Location
State FL
County Broward
Area 3810
Interior
Flooring Other, Tile
Exterior
Roof Type Other,Shingle
Private Pool Yes
Building
Story 2
Level or Stories Two
Structure Type Block
Construction Status Resale
Others
Tax ID 494234063170
Acceptable Financing Cash, Conventional, Owner May Carry, Other
Listing Terms Cash, Conventional, Owner May Carry, Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11831403
Listed by Fausto Commercial Realty Consultants Inc
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Miami, FL, 33157, USA
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