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 $399
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
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
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