FL > Fort Lauderdale > Progresso
Fort Lauderdale, FL 33311,842 NW 1st Ave
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Fort Lauderdale, FL 33311,842 NW 1st Ave
Fort Lauderdale, FL 33311,842 NW 1st Ave
Fort Lauderdale, FL 33311,842 NW 1st Ave
Fort Lauderdale, FL 33311,842 NW 1st Ave
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Tariq Saleem

Tariq Saleem

+1(844) 668-7589
$ 2,050,000
Est. payment /mo
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842 NW 1st Ave Fort Lauderdale, FL 33311

4,753 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,753 sqft

Price per Sqft $431

Subdivision Progresso

MLS Listing ID A11831358

Style Fourplex

Construction Status Resale

HOA Y/N No

Year Built 1973

Annual Tax Amount $20,453

Tax Year 2024

Property Sub-Type Quadruplex

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

Community Progresso

Area 3810

Interior

Heating Other

Cooling Other

Flooring Other, Tile

Exterior

Pool None

Utilities Available Cable Available

Roof Type Built-Up,Shingle

Total Parking Spaces 11

Private Pool No

Building

Lot Description < 1/4 Acre

Story 2

Sewer Public Sewer

Architectural Style Fourplex

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/A11831358

Listed by Fausto Commercial Realty Consultants Inc
agent

Tariq Saleem

Broker | BK3071788

+1(844) 668-7589

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