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Multifamily Residential
$2,050,000
842 NW 1st Ave Fort Lauderdale, FL

A11831403

40 of 116 for Sale
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  • Listed On:

    Jul 6, 2025
  • Days on Market:

    23
  • Year:

    1973
  • Taxes:

    $20,453 per year
  • Floor Description:

    Other, Tile
  • Occupancy:

  • Zoning:

  • Parking:

    Common

842 NW 1st Ave Fort Lauderdale, FL 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.

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For Sale Details

  • Floor Description

    Other, Tile

  • Parking Description

    Common

  • Photo Count

    30

  • Property Type

    Commercial Sale

  • SqFt Total

    10126

  • Terms Considered

    All Cash, Conventional/Refinance, Owner Will Carry

  • Year Built

    1973

Any questions about Multifamily Residential?
Contact our Fort Lauderdale Real Estate Specialist today.

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