FL Real Estate & Homes • (561) 835-5400Mortgage Title List & Sell for 1% Get Home Value
$1,900,000321 days on marketActive

842 NW 1st Avenue, Fort Lauderdale, FL 33311

Fort Lauderdale, FL 33311
0
Sq Ft
1973
Year Built
0.23 acres
Lot Size

Listing Snapshot

List Price$1,900,000
Beds0
Baths0
Living Area0 sqft
Lot Size0.23 acres
Year Built1973
Property Tax$20,453/yr
MLS #1129161664
StatusActive
Days on Market321

About This Home

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.

General Features

Property Type
CommercialSale
Sub-type
MultiFamily
Parking
Common
Zoning
RMM-25

Interior Features

Flooring
Other,Tile

Exterior Features

Construction
Block
Roof
Other,Shingle
Lot Features
LessThanQuarterAcre

Community Features

MLS Area
3810

Map

Virtual Tour

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Listed by Elior Levi · Fausto Commercial Realty Consultants Inc
MLS# 1129161664 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.

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Estimate Your Payment

$

20% down · Loan: $1,520,000

%
Est. Monthly$12,073
Principal & Interest$10,369
Property Tax$1,704

Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.

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