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.

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