Multi Family at 842 NW 1st Avenue
842 NW 1st Avenue, Fort Lauderdale, FL 33311
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.
Nearby Synagogues & Location
Listed on ShulSearch · No fees to inquire
Listed by: Elior Levi 954-743-7594, Fausto Commercial Realty Consultants Inc
Source: MIAMI REALTORS® MLS · MLS# A11831403
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About this 0-bedroom home in Fort Lauderdale
This Fort Lauderdale home sits about 1.05 miles from Chabad of Downtown Fort Lauderdale (Chabad) — roughly a 21-minute walk. On ShulSearch every nearby listing is ranked by walk time to shul, so you can find a home in Fort Lauderdale that's genuinely within walking distance of your community.
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