842 NW 1st Avenue, Fort Lauderdale, FL 33311
- $1,650,000
- 4,753
- SqFt
- Sold Price
- $1,650,000
- List Price
- $1,900,000
- Days on Market
- 376
- Closing Date
- Sep 21, 2026
- MLS#
- A11831358
- Sq. Ft
- 4,753
- Subtype
- Quadruplex
- County
- Broward
- Subdivision
- Progresso
- Year Built
- 1973
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.
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Additional Information
- Construction
- Block
- Cooling
- Other
- Flooring
- Other, Tile
- Heating
- Other, Separate Meters
- Roof
- Built-Up, Shingle
- Taxes
- $20,453
- Utilities
- Cable Available
- Stories
- 2
- Price Per Sqft
- $347
- Elementary School
- North Side
- Middle School
- Sunrise
- High School
- Fort Lauderdale
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Listing courtesy of Fausto Commercial Realty Consultants Inc. Contact:
Selling Office: Fausto Commercial Realty Consultants Inc.
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Elior Levi | Email: elevi@faustocommercial.com