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Multifamily Residential
$1,900,000
$2,050,000
7%
842 NW 1st Ave Fort Lauderdale, FL

A11831403

35 of 123 for Sale
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an agent
  • Listed On:

    Jul 6, 2025
  • Days on Market:

    155
  • Year:

    1973
  • Taxes:

    $20,453 per year
  • Floor Description:

    Other, Tile
  • Occupancy:

  • Zoning:

  • Parking:

    Common

842 NW 1st Ave Fort Lauderdale, FL 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.

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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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