842 NW 1st Ave, Fort Lauderdale FL 33311 | Broward County | A11831358
- $1,900,000
- Quadruplex
- 4753 Sq Ft
- $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.
Property Overview
This property is a 4,753 square foot unit built in 1973, currently listed at $1,900,000. The number of bedrooms and bathrooms is not specified in the provided data.
The property is located at 842 NW 1st Ave, Fort Lauderdale, FL 33311 in Broward County. The MLS number for this listing is A11831358. No specific amenities are mentioned in the available information.
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Address
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Address: 1st Ave
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City: Fort Lauderdale
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State/county: Broward County
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Zip/Postal Code: 33311
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Area: PROGRESSO
Details
Updated on June 20, 2026 at 1:39 pm-
Property ID A11831358
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Price $1,900,000
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Property Size 4753 Sq Ft
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Year Built 1973
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Type Quadruplex
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Property Status Active, Residential Income
Additional details
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Flooring Other, Tile
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Cooling Other
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Association Type None
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Building PROGRESSO
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Area Progresso
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Annual Tax 20453
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Association No
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Private Pool No
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Listing Terms All Cash, Conventional, Owner Will Carry
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Waterfront No
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Subdivision PROGRESSO
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Total Stories 2
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Heating Other
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Structure Type Quadruplex, Fourplex
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Tax Year 2024
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Construction Concrete Block Construction, CBS Construction
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Building Area 4753
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Year Built Details Resale
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Flood Zone AE
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New Construction No
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Style Fourplex
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Lot Size (Sq Ft) 0
Features
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