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  • Type
  • Quadruplex
  • 4753 Square Feet
  • Area Size
Residential Income Active
842 NW 1st Ave, Fort Lauderdale FL 33311 | Broward County | A11831358
  • $1,900,000

Description

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.

Address

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  • Address: 1st Ave
  • City: Fort Lauderdale
  • State/county: Broward County
  • Zip/Postal Code: 33311
  • Area: PROGRESSO

Details

Updated on March 18, 2026 at 2:37 am
  • Property ID A11831358
  • Price $1,900,000
  • Property Size 4753 Square Feet
  • Year Built 1973
  • Type Quadruplex
  • Property Status Residential Income

Additional details

  • ArchitecturalStyle Detached
  • BuildingAreaTotal 4753
  • BuildingAreaUnits Square Feet
  • BuildingName PROGRESSO
  • ConstructionMaterials Concrete Block Construction, CBS Construction
  • ContractStatusChangeDate 2025-07-05
  • Cooling Other
  • DaysOnMarket 255
  • DocumentsAvailable Other Available Information, Rent Rolls
  • ExpirationDate 2026-05-31
  • Flooring Other, Tile
  • Heating Other
  • InternetAddressDisplayYN 1
  • InternetAutomatedValuationDisplayYN 1
  • InternetConsumerCommentYN 1
  • InternetEntireListingDisplayYN 1
  • ListAOR A-Miami Association of REALTORS
  • ListAgentDirectPhone 954-743-7594
  • ListingTerms All Cash, Conventional, Owner Will Carry
  • LotFeatures Less Than 1/4 Acre Lot
  • LotSizeSquareFeet 0
  • MLSAreaMajor Progresso
  • MajorChangeTimestamp September 18, 2025 at 05:47pm
  • MajorChangeType Price Decrease
  • MlsStatus Active
  • ModificationTimestamp March 17, 2026 at 03:35pm
  • NumberOfUnitsInCommunity 1
  • NumberOfUnitsTotal 8
  • OnMarketDate 2025-07-05
  • OriginalEntryTimestamp July 6, 2025 at 02:12am
  • OriginalListPrice 2050000
  • OriginatingSystemID miamire
  • OriginatingSystemKey miamire
  • OriginatingSystemName Miami Association of REALTORS®
  • OtherExpense 0
  • ParcelNumber 494234063170
  • ParkingTotal 11
  • PhotosChangeTimestamp July 6, 2025 at 02:15am
  • PhotosCount 29
  • Possession Funding
  • PostalCodePlus4 7470
  • PreviousListPrice 2050000
  • PriceChangeTimestamp September 18, 2025 at 05:47pm
  • PublicSurveyRange 49
  • PublicSurveySection 34
  • PublicSurveyTownship 49
  • RentIncludes Hot Water, Gardener, Other Rent Incl, Pest Control, Sewer, Trash Collection, Water
  • Roof Built-Up, Shingle
  • Sewer Public Sewer
  • ShowingContactType Agent
  • ShowingInstructions Call Listing Agent
  • SourceSystemKey 417328197
  • StateOrProvince FL
  • StatusChangeTimestamp July 6, 2025 at 02:12am
  • Stories 2
  • StoriesTotal 2
  • StreetDirPrefix NW
  • StreetName 1st Ave
  • StreetNumber 842
  • StreetNumberNumeric 842
  • StructureType Quadruplex, Fourplex
  • SyndicationRemarks 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.
  • TaxAnnualAmount 20453
  • TaxLegalDescription PROGRESSO 2-18 D LOTS 44 THRU 46 BLK 259
  • TaxYear 2024
  • YearBuiltDetails Resale
  • Zoning RMM-25

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Christopher Lazaro

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