Search for Real Estate Property in South Florida

842 NW 1st Avenue, Fort Lauderdale, FL 33311

$1,900,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11831403

Property Type: Commercial Sale Square Footage: 4,753 Status: Active

Current Price: $1,900,000 List Date: 7/06/2025 Last Modified: 5/18/2026

Overview

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.

Listing Details MLS# A11831403

General Property Information

Number Of Buildings: Yes
Property Sub Type: Multi Family
Number Of Units Total: Yes
Occupant Type: Call Listing Agent
Building Area Main: 4753
Year Built: 1973
Lot Size Area: 10126
Lot Size Acres: 0.23

Property Features

Flooring: Tile; Other Parking Features: Common Possession: Negotiable Property Condition: Resale Construction Materials: Block; CBS Listing Terms: Cash; Conventional; Owner Will Carry; Other Roof: Shingle; Other Showing Requirements: Call Listing Agent Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 2050000

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 842
Street Direction Prefix: NW
Street Name: 1st
Street Suffix: Avenue
City Name: Fort Lauderdale
State Or Province: FL
Postal Code: 33311
Postal Code +4: 7470
Area: 3810
Geographic Area: FTNW - Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
Parcel Number: 494234063170
Subdivision Number: 6
Multiple Offers Accepted: No
Zoning: RMM-25
Flood Zone: AE

Financial Information

Tax Annual Amount: 20453
Tax Legal Description: PROGRESSO 2-18 D LOTS 44 THRU 46 BLK 259

Status Change Information

Major Change Timestamp: 2025-09-18T18:39:40Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-09-18T18:39:40Z
Status Change Date: 2025-07-05

More Information

Meter Information

Number Of Meters Total: 8

Description of Unit Type 1

Unit Type: 1 Bedroom
Units Total: 8
Annual Rent: 1750

Section Details

Parcel Number MLX: 3170

Originating Details

Originating System Key: 417330242
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Flooring

Tile: Yes
Other: Yes

Parking Features

Common: Yes

Property Condition

Resale: Yes

Possession

Negotiable: Yes

Construction Materials

Block: Yes
CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Owner Will Carry: Yes
Other: Yes

Roof

Shingle: Yes
Other: Yes

Showing Requirements

Call Listing Agent: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes

Listing Office: Fausto Commercial Realty Consultants Inc

Last Updated: May - 18 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.