This 8-unit renovated property presents a strong investment opportunity with existing cash flow, potential for rental growth, and future appreciation as the area transitions to higher-density zoning. The demand for multifamily units in Fort Lauderdale continues to rise, making this a solid long-term hold investment.
This is an excellent opportunity to develop and hold a multifamily asset in Progresso Village, a prime location off Andrews Ave and Sunrise Blvd in Fort Lauderdale.
This is an excellent opportunity to develop and hold a multifamily asset in Progresso Village, a prime location off Andrews Ave and Sunrise Blvd in Fort Lauderdale.
Property Details
Price:
$2,049,000
MLS #:
A11739246
Status:
Active
Beds:
0
Baths:
0
Address:
842 NW 1st Ave
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Fort Lauderdale
Listed Date:
Feb 12, 2025
State:
FL
Finished Sq Ft:
4,753
Total Sq Ft:
4,753
ZIP:
33311
Year Built:
1974
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Schools
Interior
Exterior
Parking Features
Common
Parking Spots
10
Financial
Taxes
$20,453
Map
Community
- Address842 NW 1st Ave Fort Lauderdale FL
- CityFort Lauderdale
- CountyBroward County
- Zip Code33311
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