Miami Neighborhoods
Beds
Price
Search
 


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

A11831358

417 of 524 for Sale
Contact
an agent
  • Listed On:

    Jul 6, 2025
  • Days on Market:

    154
  • Year:

    1973
  • Taxes:

    $20,453 per year
  • Floor Description:

    Other, Tile
  • Occupancy:

  • Zoning:

  • Parking:

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.

Interested in this Listing?

Miami Residence will connect you with an agent in a short time.

Required

For Sale Details

  • Floor Description

    Other, Tile

  • Heating Description

    Other

  • Photo Count

    29

  • Property Type

    Residential Income

  • Terms Considered

    All Cash, Conventional, Owner Will Carry

  • Year Built

    1973

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

Need to sell your condo at Residential Income?

We will sell it for you!
We are the leading Real Estate sales team in Miami, Florida. Our agressive marketing program and result-driven strategies will sell your Residential Income condo fast.
Contact us for free professional market analysis and marketing plan customized for your property.
Call our office (305) 751-1000
0.608105182648