842 Nw 1st Ave, Fort Lauderdale, FL 33311
- $1,650,000
- Sold Price
- $1,650,000
- List Price
- $1,900,000
- Closing Date
- Sep 21, 2026
- MLS#
- A11831403
- Status
- CLOSED
- Type
- Commercial
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.
Additional Information
- Days on Market
- 376
- Tax Amount
- $20,453
- Parcel Number
- 494234063170
- Lot Size
- 10,126
- Address
- 842 Nw 1st Ave, Fort Lauderdale
- Year Built
- 1973
- Section
- 34
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Listing Courtesy of Fausto Commercial Realty Consultants Inc, Contact:
Selling Office: Fausto Commercial Realty Consultants Inc.