842 NW 1st Avenue, Fort Lauderdale, FL 33311
- $1,900,000
- 4,753
- SqFt
- List Price
- $1,900,000
- Days on Market
- 376
- MLS#
- A11831358
- Sq. Ft
- 4,753
- Subtype
- Quadruplex
- County
- Broward
- Subdivision
- Progresso
- Year Built
- 1973
Property 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.
Additional Information
- Construction
- Block
- Cooling
- Other
- Flooring
- Other, Tile
- Heating
- Other, Separate Meters
- Roof
- Built-Up, Shingle
- Taxes
- $20,453
- Utilities
- Cable Available
- Stories
- 2
- Price Per Sqft
- $399
- Elementary School
- North Side
- Middle School
- Sunrise
- High School
- Fort Lauderdale
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Listing courtesy of Fausto Commercial Realty Consultants Inc. Contact:
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Elior Levi | Email: elevi@faustocommercial.com