842 NW 1st Ave, Fort Lauderdale, FL 33311

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0beds

0baths

4,753sqft

1973year built

Active Under ContractMultifamilyQuadruplexHOA None415 DOMMLS# A11831358

Listed by: Elior Levi 954-743-7594, Fausto Commercial Realty Consultants Inc 786-748-7373

Source:Beaches MLS (RAPB)|MLS #A11831358

What's special

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.

Bedrooms0

Bathrooms0

Year built1973

Home typeQuadruplex

Property subtypeMultifamily

Living area4,753 sqft

RegionFort Lauderdale, FL

HOA feeNone

Price per square foot$400/sqft

Date on market2025-07-05T00:00:00.000Z

MLS#A11831358

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