842 NW 1st Ave, Fort Lauderdale, FL 33311
842 NW 1st Ave, Fort Lauderdale, FL 33311
842 NW 1st Ave, Fort Lauderdale, FL 33311
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$1,900,000
Est. payment /mo
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4,753 SqFt
Active Under Contract

842 NW 1st Ave Fort Lauderdale, FL 33311

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Sammy Hernandez

Sammy Hernandez

+1(786) 203-8671

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,753 sqft

Price per Sqft $399

Subdivision Progresso

MLS Listing ID A11831358

Style Fourplex

HOA Y/N No

Year Built 1973

Annual Tax Amount $20,453

Tax Year 2024

Contingent Pending Inspections

Property Sub-Type Quadruplex

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.

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

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

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Fausto Commercial Realty Consultants Inc

NEARBY SCHOOL & BUSINESS

Sammy Hernandez

+1(786) 203-8671

sammysellsmiami@gmail.com

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842 NW 1st Ave

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