Quadruplex in 842 NW 1st Ave Fort Lauderdale for sale with MLS# A11831358
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.
842 NW 1st Ave, Fort Lauderdale, FL 33311
- Price:
- $1,900,000.00
- Previous Asking Price:
- $2,050,000.00
- Original List Price:
- $2,050,000.00
- Rent Includes:
- Hot Water, Sewer, Trash Collection, Water, Gardener, Pest Control, Other
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Residential Income (Multifamily 2-4)
- Property Type:
- Fourplex (Quadruplex)
- MLS Number:
- A11831358
- Description of Last Important Update:
- Price Change
- Last Major Update on:
- September 18, 2025 1:47 pm
- Living Area:
- 4,753 Sqft
- Built-Up Area:
- 4,753 Sqft
- Lot Size Unit:
- Square Feet
- Lot Features:
- Less Than Quarter Acre
- Waterfront:
- No
- Air Conditioning System:
- Other
- Heating System:
- Other
- Year Built:
- 1973
- Year Built Details:
- Resale
- Roof:
- Shingle, Built-up
- Architectural Style:
- Fourplex
- Levels:
- Two
- Construction Materials:
- Block
- Flooring:
- Tile, Other
- Stories:
- 2
- Tax Annual Amount:
- $20,453.00
- Tax Year:
- 2024
- Property Tax Status:
- Tax Reflects No Exemptions
- Parking Total Spaces:
- 11
- Covered Spaces:
- 0
- Sewer:
- Public Sewer
- Utilities Available:
- Cable Available
- Subdivision Name:
- PROGRESSO
- Senior Community:
- No
- Documents Available:
- Other, Rent Rolls
- Listing Terms Considered by Seller:
- Cash, Conventional, Owner May Carry (Owner Financing, The Seller may be interested in carrying the mortgage note), Other
- Occupant Type:
- Call Agent
- Buyer Possession:
- Closing And Funding
- Lease Considered:
- No
- Tax Legal Description:
- PROGRESSO 2-18 D LOTS 44 THRU 46 BLK 259
- Real Estate Folio Number (Parcel Number):
- 494234063170
- Zoning Description:
- RMM-25
- Originally published on:
- July 5, 2025 10:12 pm
- Active on the market since:
- July 5, 2025
- Price change occurred on:
- September 18, 2025 1:47 pm
- Listing Status Last Changed On:
- July 5, 2025 10:12 pm
- Photos updated on:
- July 6, 2025 2:19 am
- Last Modified:
- March 17, 2026 4:32 pm
- Flood Zone:
- AE
- Type of Association:
- None
- Style:
- Fourplex
- Subdivision Number:
- 6
- Courtesy of:
- Fausto Commercial Realty Consultants Inc
- Attribution:
- Not provided
- Street Name:
- 1st Ave
- Street Number:
- 842
- City:
- Fort Lauderdale
- State:
- Florida
- Zip Code:
- 33311
- County:
- Broward
- Latitude:
- N26° 8' 5''
- Longitude:
- W81° 51' 18.6''
- Street Direction Prefix:
- NW
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
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