831 NW 1st Ave Save Request In-Person Tour Request Virtual Tour
Fort Lauderdale,FL 33311
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,423 sqft
Price per Sqft $350
Subdivision Progresso
MLS Listing ID A11723168
Style Fourplex
Year Built 1974
Annual Tax Amount $13,009
Tax Year 2024
Property Sub-Type Quadruplex
Property Description
Discover a prime investment opportunity at 831 NW 1st Ave, Fort Lauderdale, a well-maintained 4-unit multifamily property offering steady cash flow and future potential. Each spacious unit averages 600 square feet and generates $1,600 per month in rent, making this property an attractive income-producing asset. The building features hurricane impact windows for added security and durability. Conveniently near downtown Fort Lauderdale, the property is surrounded by significant development, including a site across the street recently rezoned to allow up to 120 feet in height and 150 units per acre. While this zoning doesn't apply to the subject property, its proximity to such growth enhances the area's appeal and long-term value.
Location
State FL
County Broward
Community Progresso
Area 3810
Interior
Heating Central
Cooling Central Air
Flooring Tile
Exterior
Exterior Feature Security/High Impact Doors
Pool None
Utilities Available Cable Available
Roof Type Shingle
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Structure Type Block
Others
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11723168