842 NW 1st Ave, Fort Lauderdale FL 33311

$1,900,000

Overview

Quadruplex
Property Type

4753 Square Feet
Area Size

Square Feet
Land Area

1973
Year Built

Fausto Commercial Realty Consultants Inc
Listing Office

Elior Levi
Listing Agent

A11831358
Property ID

360° Virtual Tour

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.

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