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842 NW 1st Ave, 
Fort Lauderdale, FL 33311

$2,050,000


Bed


Bath


4,753

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Elior Levi

Fausto Commercial Realty Consultants Inc

Last updated:

July 12, 2025, 09:53 AM

MLS#

A11831358

Source:

SEFMLS

About This Home

842 NW 1st Ave

Prime 8-unit multifamily in booming Downtown Fort Lauderdale, just off Andrews Ave and Sunrise Blvd in Progresso Village. Fully stabilized with spacious 1-bed/1-bath units featuring modern interiors, impact doors, separate meters, and extensive updates including new kitchens, doors, vanities, light fixtures, cabinets, stone counters, and walk-in closets. Fully leased at $1,750/month on Section 8, providing secure income from day one, with pro forma rents of $1,900+. The 10,000 SF lot (zoned RMM-25 and being rezoned to NW RAC) offers future potential to double the unit count. Rare seller financing at 5.5% interest-only makes this a standout cash flow and redevelopment opportunity in Fort Lauderdale’s fastest-growing corridor.

Home Facts

Multi-Family

Built in 1973

Price Summary

2,050,000

$431 per Sq. Ft.

MLS #:

A11831358

Last Updated:

July 12, 2025, 09:53 AM


Rooms & Interior

Interior

Living Area:

4,753 Sq. Ft.


Structure

Structure

Architectural Style:

Fourplex

Building Area:

4,753 Sq. Ft.

Year Built:

1973


Finances & Disclosures

Finances

Price:

$2,050,000

Price per Sq. Ft:

$431 per Sq. Ft.

Source:SEFMLS
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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