$ 1,900,000
-
$1,900,000
Price -
1
Bed -
1
Bath -
4,753
SqFt
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About the Listing SEFFAUS01 - SEF3574869,SEF3574869
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.
Listing Highlights
Interior Details
- Bedrooms: 1
- Bathrooms: 1 Full
- Appliances:
- Air Cond:
- Heating: Separate Meters
- Fireplaces:
- Floor: Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 11
- Zoning: RMM-25
- Roof: Built-Up,Shingle
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $20,453
- Taxes w/Assessments: N/A
- Tax/Property ID: 494234063170
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
842 NW 1st Ave Fort Lauderdale, FL 33311
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