842 NW 1st Ave Active Save Request In-Person Tour Request Virtual Tour
Fort Lauderdale,FL 33311
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,753 sqft
Price per Sqft $431
Subdivision Progresso
MLS Listing ID A11831358
Style Fourplex
Year Built 1973
Annual Tax Amount $20,453
Tax Year 2024
Property Sub-Type Quadruplex
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
Community Progresso
Area 3810
Interior
Heating Other
Cooling Other
Flooring Other,Tile
Exterior
Pool None
Utilities Available Cable Available
Roof Type Built-Up,Shingle
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Structure Type Block
Others
Acceptable Financing Cash,Conventional,Owner May Carry,Other
Listing Terms Cash,Conventional,Owner May Carry,Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11831358