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$2,050,000
New Listing
842 NW 1st AveFort Lauderdale, FL 33311
For Sale|Quadruplex|Active
0
Beds
0
Total Baths
4,753
SqFt
$431
/SqFt
1973
Built
Subdivision:
PROGRESSO
County:
Broward
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Monthly Payment (Est.)
$9,353Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.
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.
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Listing Snapshot
Price
$2,050,000
Days On Site
0 Days
Bedrooms
N/A
Inside Area (SqFt)
4,753 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
N/A
Year Built
1973
MLS® Number
A11831358
Status
Active
Property Tax
$20,453
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 9 hours ago | Listing first seen on site | |
| 13 hours ago | Listing updated with changes from the MLS® |
General Features
Number Of Stories
2
Parking Spaces
11
Property Sub Type
Quadruplex
Sewer
Public Sewer
SqFt Total
4753
Stories
Two
Style
Fourplex
Utilities
Cable Available
Zoning
RMM-25
Interior Features
Cooling
Other
Flooring
OtherTile
Heating
Other
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Exterior Features
Construction Details
Block
Pool Features
None
Roof
Built-UpShingle
Community Features
Financing Terms Available
CashConventionalOwner May Carry
MLS Area
3810
Listing courtesy of Fausto Commercial Realty Consultants Inc
The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. Information is deemed reliable but not guaranteed. Copyright © 2025, Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. All rights reserved. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.
The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. Information is deemed reliable but not guaranteed. Copyright © 2025, Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. All rights reserved. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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