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842 1st Ave, Fort Lauderdale, FL
Offering:
For Sale
Location:
Fort Lauderdale, FL 33311
Subdivision:
PROGRESSO
Status:
Active Under Contract
$1,900,000
Details
Year built:
1973
Levels:
Two
Stories:
2
Parking:
11 spaces
Style:
Fourplex
Days on market:
376
Annual tax (2024):
$20,453
Type:
Quadruplex
MLS ID
A11831358
Virtual tour:
Listed by:
Fausto Commercial Realty Consultants Inc (FAUS01)
Listing office phone:
Listing office email:
Listing agent:
Elior Levi (3574869)
Features
Utilities
Available:
Cable Available
Sewer:
Public Sewer
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.
Price history
$2,050,000 → $1,900,000
·
Reduced by
$150,000 (7.3%) · 2 price changes
Location
842 NW 1st AveFort Lauderdale, FL 33311
MLS information
Last updated Jul 16, 2026
Deemed reliable but not guaranteed.
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