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Active
$1,900,000
842 NW 1st Ave, Fort Lauderdale FL 33311
📍 Fort Lauderdale, FL, 33311
🌿0.23Acres lote
🏗1973Año constr.

Descripción

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.

Detalles de la propiedad

Tipo / Type Commercial Sale
Subtipo / Subtype Income/MultiFamily
Estado / Status Active
Condado / County Broward County
Código postal / ZIP 33311
Año construido / Year built 1973
Terreno / Lot 0.2300 acres
Listing Key 50fb6fd778e9597fd32facf6707d23f3

Ubicación

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