842 NW 1st Ave, Fort Lauderdale FL 33311

$

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    Legal Description:

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    Listed on:

    Feb 22, 2023

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    Occupancy:

    n/a

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    Taxes:

    $12,692 per year

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    Floor Description:

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    Year Built:

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    Zoning:

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    Days on Market:

    92

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    Parking:

    Yes

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    Tax Year:

    2022

842 NW 1st Ave, Fort Lauderdale FL 33311

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.

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FOR SALE DETAILS

  • Photo Count
    1
  • Property Type
  • SqFt Total
  • Terms Considered
    All Cash

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