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$ 2,050,000
Est. payment /mo
Active
842 NW 1st Ave Fort Lauderdale, FL 33311
4,753 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,753 sqft
Price per Sqft $431
MLS Listing ID A11831403
HOA Y/N No
Year Built 1973
Annual Tax Amount $20,453
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Multi Family
Property Description
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.
Location
State FL
County Broward
Area 3810
Interior
Flooring Other, Tile
Exterior
Roof Type Other,Shingle
Private Pool Yes
Building
Story 2
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/A11831403
Listed by Fausto Commercial Realty Consultants Inc
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