$2,050,000

842 NW 1st Ave Fort Lauderdale, FL 33311

Progresso Village Neighborhood

Estimated payment $12,874/month

Total Views 1,689
-- Bed
-- Bath
4,753 Sq Ft
$431 Price per Sq Ft

Highlights

  • No HOA
  • Cooling Available
  • Heating Available
  • Fort Lauderdale High School Rated A
  • Tile Flooring
  • 5-minute walk to Warfield Park

About This Home

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.

Listing Agent

Elior Levi

Fausto Commercial Realty Consultants Inc License #3574869 Listed on: 07/05/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,453

Year Built

  • Built in 1973

Parking

  • 11 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Built-Up Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,753 Sq Ft Home
  • 2-Story Property
  • Tile Flooring

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association
  • Progresso Condos
  • Progresso Subdivision

Listing and Financial Details

  • Assessor Parcel Number 494234063170

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,453

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1973
  • Property Sub Type: Quadruplex
  • Architectural Style: Detached
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: PROGRESSO
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Other, Tile
  • Living Area: 4753
  • Stories: 2

Exterior Features

  • Roof: Built-Up, Shingle
  • Construction Type: Concrete Block Construction, CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: PROGRESSO
  • Total Parking Spaces: 11

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 494234063170
  • Zoning: RMM-25

Rental Info

  • Rent Includes: Hot Water, Gardener, Other Rent Incl, Pest Control, Sewer, Trash Collection, Water

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 20453

Multi Family

  • Number Of Units In Community: 1
  • Number Of Units Total: 8

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2025 07/05/25 For Sale $2,050,000 -- $431 / Sq Ft
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11831358

MIAMI REALTORS® MLS

APN: 49-42-34-06-3170

Florida Broward County Fort Lauderdale 33311 Progresso Village

842 NW 1st Ave, Fort Lauderdale, FL

This home is located at 842 NW 1st Ave, Fort Lauderdale, FL 33311 and is currently priced at $2,050,000, approximately $431 per square foot. This property was built in 1973. 842 NW 1st Ave is a home located in Broward County with nearby schools including North Side Elementary School, Sunrise Middle School, and Fort Lauderdale High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Elior Levi
Listing Agent
Elior Levi
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Fausto Commercial Realty Consultants Inc
(754) 298-2298