842 Northwest 1St Ave Fort Lauderdale, FL 33311

4,753 SF Built 1974

Property ID

US18-0880360

$1,900,000 4,753 SF

842 Northwest 1St Ave, Fort Lauderdale, FL 33311
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This exceptional 8-unit multifamily property, located at 842 NW 1st Ave, Fort Lauderdale, FL 33311, is offered at $2,049,000. Built in 1974, this two-story building boasts a total of 4,753 square feet. The property has undergone renovations, resulting in a currently strong cash flow stream. Investors will appreciate the potential for rental growth, given the increasing demand for multifamily units in Fort Lauderdale. The property's location in Progresso Village, conveniently situated off Andrews Avenue and Sunrise Boulevard, offers excellent access to major thoroughfares and amenities. Furthermore, the area is experiencing a transition to higher-density zoning, presenting significant opportunities for future appreciation. This presents a solid long-term investment opportunity in a thriving market. The property's existing cash flow, combined with the potential for future growth and appreciation, makes this an attractive proposition for discerning investors seeking a stable and profitable multifamily asset in a prime Fort Lauderdale location. The property's size and location within Broward County make it an ideal investment for both experienced and emerging investors in the multifamily sector.