842 Northwest 1st Avenue Fort Lauderdale, FL 33311
Eight-unit multifamily property in Fort Lauderdale's Progresso Village.
Type:Multi-Family Income / Fourplex
Property size:
4,753 SFLot size:
0.23 Acres- Added:
- Jun 11, 2025
- Days on Market:
- 315
- Last Refresh:
- Mar 13 at 1:45 pm
Property Features for 842 Northwest 1st Avenue
General Information
- Standard status
- Active
- Size
- 4,753 SF
- Lot size
- 0.23 Acres
- Property subtype
- Multi-Family Income / Fourplex
Building Details
- Year Built
- 1973
Listing agent Elior Levi License #3574869 (786) 748-7373
Listing office Fausto Commercial Realty Consultants Inc (786) 748-7373
Listing date Jun 11, 2025
Source Compass
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Fausto Commercial Realty Consultants Inc
Overview
Fort Lauderdale Multifamily Investment Opportunity
This is an opportunity to acquire an eight-unit multifamily property located in Progresso Village, near Andrews Avenue and Sunrise Boulevard in Downtown Fort Lauderdale. The property consists of eight 1-bed/1-bath units featuring modern interiors, impact doors, and separate meters. Upgrades include new kitchens, stone counters, walk-in closets, vanities, light fixtures, and cabinets. Currently, seven units are leased, and one unit is recently renovated and vacant. The property generates $146,568 in gross income with potential for increased rents upon renewal. Situated on a 10,000 square foot lot zoned RMM-25 and in the process of rezoning to NW RAC, the site offers the potential to double the unit count. The property offers redevelopment potential in a growing Fort Lauderdale corridor.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1448327
- Latitude
- 26.1347146
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property in Fort Lauderdale's Progresso Village.
Where is this apartment building located?
The property is located at 842 Northwest 1st Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Strong cash flow from existing 8‑unit multifamily property with $146,568 gross income.; Rare seller financing available at 5.5% interest‑only.; Potential to double the unit count due to rezoning in progress (NW RAC).
