Basic Information

  • MLS # A11831358
  • Type Quadruplex
  • Status Active
  • Subdivision/Complex Progresso
  • Year Built 1973
  • Total Sqft 4,753
  • Date Listed 07/06/2025
  • Days on Market 1
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.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description
  • Roof Description Built Up, Shingle
  • Style Quadruplex

Interior Features

  • Adjusted Sqft 4,753Sq.Ft
  • Cooling Description Other
  • Floor Description Other, Tile
  • Heating Description Other
  • Sqft 4,753 Sq.Ft

Property Features

  • Address 842 NW 1st Ave
  • Aprox. Lot Size 4,753
  • Architectural Style Fourplex
  • City Fort Lauderdale
  • Construction Materials Block
  • County Broward
  • Furnished Info no
  • Levels Two
  • Listing Terms Cash, Conventional, Owner May Carry, Other
  • Lot Features Less Than Quarter Acre
  • Occupant Type Call Agent
  • Pool Features None
  • Possession Closing And Funding
  • Postal City Fort Lauderdale
  • Public Survey Section Two
  • Roof Built Up, Shingle
  • Sewer Description Public Sewer
  • Stories 2
  • HOA Fees $0
  • Subdivision Complex
  • Subdivision Info Progresso
  • Tax Amount $20,453
  • Tax Legal desc P R O G R E S S O2-18 D L O T S44 T H R U46 B L K259
  • Tax Year 2024
  • Terms Considered Cash, Conventional, Owner May Carry, Other
  • Type of Property Quadruplex
  • Year Built Details Resale

842 NW 1st Ave

Fort Lauderdale, FL 33311

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fausto Commercial Realty Consultants Inc. tel: 954-743-7594

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