FL > Fort Lauderdale
Fort Lauderdale, FL 33311,842 NW 1st Ave
Fort Lauderdale, FL 33311,842 NW 1st Ave
Fort Lauderdale, FL 33311,842 NW 1st Ave
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Monica Cataluña, CCIM

Monica Cataluña, CCIM

+1(954) 812-1831
$1,900,000
Est. payment /mo
4,753 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

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

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
Monica Cataluña, CCIM

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

1655 N Commerce Parkway, Suite 204, Weston, Florida, 33326, United States

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842 NW 1st Ave