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842 NW 1st Ave, Fort Lauderdale, FL 33311
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$2,050,000
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Home Details for 842 NW 1st Ave
Price
$2,050,000
Type
Commercial/Industrial
Year Build
1973
Lot Size
0.23
County
Broward
Tax
$20,453
MLS®️ Listing#
A11831403
On exitrealty.com
135 days
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.
- Parking
- Common
Listing Courtesy: Fausto Commercial Realty Consultants Inc - 786-748-7373
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.
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.
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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Market statistics compiled from data from Realtor Association of Greater Miami and the Beaches.
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$2,050,000
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EXIT REALTY SYNERGY INTERNATIONAL
6351 NW 99th Avenue, Miami, FL 33178