Florida
Fort Lauderdale
842 NW 1st Ave

$2,050,000

842 NW 1st Ave, Fort Lauderdale, FL 33311

4,753 sqft

Multi-Family Home
Built in 1973
10,019sqft lot
—— car garage
$431/sqft
Listed 28 days ago

Property Description

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.

Listing Status:: Active
Date Added:: July 5, 2025 at 05:00AM
Listing Office:: Fausto Commercial Realty Consultants Inc : 9547437210
Listing Agent:: Elior Levi : 954-743-7594
MLS ID:: A11831403

Flooring: OtherTile

This listing courtesy of Elior Levi, Fausto Commercial Realty Consultants Inc

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

North Side Elementary School

120 NE 11th St, Fort Lauderdale, FL, 33304

Grades PK-5

0.25 miles away

Sunrise Middle School

1750 NE 14th St, Fort Lauderdale, FL, 33304

Grades 6-8

1.47 miles away

Sunrise High School

424 W Sunrise Blvd, Fort Lauderdale, FL, 33311

Grades 9-12

0.27 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.