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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.

Features
11
Address Map
FL
Broward County
Fort Lauderdale
33311
842 NW 1st Ave
PROGRESSO
W81° 51' 18.9''
N26° 8' 5''
PROGRESSO
MLS Addon
Detached
All Cash, Conventional, Owner Will Carry
1
8
Hot Water, Water, Gardener, Other Rent Incl, Pest Control, Sewer, Trash Collection
2
Quadruplex, Fourplex
$20,453
2024
Click Here
RMM-25
1
06/07/2025 02:15:57

842 NW 1st Ave, Fort Lauderdale, Florida 33311

$1,900,000
4,753 size sq.ft.
Listing ID #A11831358
Basic Details
Property Type Residential Income
Listing Type For Sale
Listing ID A11831358
Price $1,900,000
Square Footage 4,753 Sqft
Year Built 1973
Days on Market 205
Building Area 4,753 Sqft
Status Active
Property SubType Quadruplex
On Market Date 05/07/2025
Elena Beck
MiamiInvestrealty
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