842 NW 1st Ave, Fort Lauderdale, FL 33311
842 NW 1st Ave, Fort Lauderdale, FL 33311
842 NW 1st Ave, Fort Lauderdale, FL 33311
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Kate Zhurko

Kate Zhurko

+1(954) 734-5980
$1,900,000
Est. payment /mo
4,753 SqFt
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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,753 sqft

Price per Sqft $399

MLS Listing ID A11831403

HOA Y/N No

Year Built 1973

Annual Tax Amount $20,453

Contingent Pending Inspections

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Multi Family

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.

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

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Fausto Commercial Realty Consultants Inc

Nearby School & Business

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Kate Zhurko
Kate Zhurko

Broker Associate | License ID: 3229050

+1(954) 734-5980

1200 E Las Olas Blvd Suite 102, Lauderdale, FL 33301, United States

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