Address
842 Nw 1st Ave, Fort Lauderdale, FL
Price
$ 1,900,000
Property Attributes
- MLS#A11831403
- TypeSingle Family
- Listing Status ActiveUnderContract
- CountyBroward
- CityFort Lauderdale
- Area3810
- Zip33311
- Style
- Year Built1973
- Taxes$ 20453
- Price$ 1,900,000
- Bedrooms8
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4753
- Lot Size0.23 Acres
Data Source:
Southeast Florida MLS (SEFMLS)
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.
| Price History | |
|---|---|
| 10/22/2025 | Listed $1,900,000 |
General Features
| Possession | ClosingAndFunding |
|---|---|
| Roof | Other,Shingle |
| Construction Materials | Block |
| Year Built | 1973 |
| Stories Count | 2 |
| Levels | Two |
| Property Subtype | MultiFamily |
| County | Broward |
| Property Type | CommercialSale |
| Contingency | Pending Inspections |
| Status | ActiveUnderContract |
| City | Fort Lauderdale |
| Zoning Description | RMM-25 |
| Number Of Units Total | 8 |
| MLS Area | 3810 |
| Lot Size Units | SquareFeet |
| Lot Size Square Feet | 10126 |
| Listing Terms | Cash,Conventional,OwnerMayCarry,Other |
| Year Built Details | Resale |
| Tax Annual Amount | 20453 |
| Ok to Lease | ThirtySixMonths |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A11831403 |
| Structure Type | Apartment |
| Standard Status | ActiveUnderContract |
| Occupancy Type | CallAgent |
| Property Sub Type Additional | MultiFamily |
| PostalCity | Fort Lauderdale |
| Legal Description | PROGRESSO 2-18 D LOTS 44 THRU 46 BLK 259 |
Interior Features
| Flooring | Other,Tile |
|---|---|
| Total Bedrooms | 8 |
Exterior Features
| Parking Features | Common |
|---|---|
| Lot Size Area | 10126 |
| Number of Buildings | 1 |
| Building Area Total | 4753 |
| Lot Size Acres | 0.23 |
| Waterfront Y/N | false |
| Number of Separate Electric Meters | 8 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33311
Price
Taxes
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on September 17, 2026 1:23 AM UTC
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Data Last Updated: September 17, 2026 2:02 AM UTC
