Active
842 NW 1st Ave
Fort Lauderdale FL, 33311
$2,049,000
$431.10 per sqft
Active
4,753 sqft
Commercial
Built in 1974
This 8-unit renovated property presents a strong investment opportunity with existing cash flow, potential for rental growth, and future appreciation as the area transitions to higher-density zoning. The demand for multifamily units in Fort Lauderdale continues to rise, making this a solid long-term hold investment.
This is an excellent opportunity to develop and hold a multifamily asset in Progresso Village, a prime location off Andrews Ave and Sunrise Blvd in Fort Lauderdale.
A11739246
MLSⓇ ID
February 12, 2025
Listed
March 11, 2025
Updated
Interior Features
Total Stories
2
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.23 Acres
Other Property Details
Taxes
$20,453
Tax Frequency
Annually
Days on Market
15
Garage
No
Parking
Common
Parking Total
10
View
No
County
Broward County
Zoning
RMM-25
Listed by: Real Broker LLC
Listing Contact: 929-842-3080
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. 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. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
©2025 Miami Association of REALTORS® all rights reserved.
Data last updated 11:13 PM UTC, 3/11/2025.