842 NW 1st Ave, Fort Lauderdale, FL 33311

Local realty services provided by:ERA South Dade Realty
#1#2#3
842 NW 1st Ave,Fort Lauderdale, FL 33311
$2,050,000
Virtual Tour
  • - Beds
  • - Baths
  • 4,753 sq. ft.
  • Multi-family
  • Active
Listed by:elior levi
Office:fausto commercial realty consultants inc
MLS#:A11831358
Source:SEFMLS

Price summary

  • Price:$2,050,000
  • Price per sq. ft.:$431.31

About this home

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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Home facts

  • Year built:1973
  • Listing Id #:A11831358
  • Updated:August 15, 2025 at 09:55 AM

Rooms and interior

  • Living area:4,753 sq. ft.

Structure and exterior

  • Roof:Built-Up, Shingle
  • Year built:1973
  • Building area:4,753 sq. ft.

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,050,000
  • Price per sq. ft.:$431.31
  • Tax amount:$20,453 (2024)
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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