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-Shand, CCIM

Monica Cataluña-Shand, CCIM

+1(954) 812-1831
$2,050,000
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 $431

MLS Listing ID A11831403

Construction Status Resale

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

Prime 8-unit multifamily in booming Downtown Fort Lauderdale, just off Andrews Ave and Sunrise Blvd in Progresso Village. Fully stabilized with spacious 1-bed/1-bath units featuring modern interiors, impact doors, separate meters, and extensive updates including new kitchens, doors, vanities, light fixtures, cabinets, stone counters, and walk-in closets. Fully leased at $1,750/month on Section 8, providing secure income from day one, with pro forma rents of $1,900+. The 10,000 SF lot (zoned RMM-25 and being rezoned to NW RAC) offers future potential to double the unit count. Rare seller financing at 5.5% interest-only makes this a standout cash flow and redevelopment opportunity in Fort Lauderdale's fastest-growing corridor.

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

Construction Status Resale

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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Listed by Fausto Commercial Realty Consultants Inc
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"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