842 NW 1st Avenue Fort Lauderdale, FL 33311
4,753 Sqft, Quadruplex
AGENT'S REMARKS ABOUT 842 NW 1ST AVENUE
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 Lauderdales fastest-growing corridors.$1,900,000
| Living Area | 4,753 SqFt |
| Year Built | 1973 |
| Private Pool | No |
| Subdivision | PROGRESSO |
| MLS# | A11831358 |
| Listing Status | Active Under Contract |
| Days on Market | 2025-07-05 |
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PROPERTY DETAILS
- Property Type: Quadruplex
- Approx Living Area: 4,753 SqFt
- Year Built: 1973
- Stories: 2
- Flooring: Other, Tile
- Roof: Built-Up, Shingle
- Total Floors in Building: 2
- Construction: Block, CBS
- Cooling System: Other
- Heating: Other, Separate Meters
- Utility Information: Cable Available
- County: Broward
- Area: 3810
- Subdivision: PROGRESSO
- Annual Property Taxes: $20,453
- Elementary School: North Side
- Junior High School: Sunrise
- High School: Fort Lauderdale
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MAP LOCATION FOR 842 NW 1ST AVENUE FORT LAUDERDALE, FL 33311
SIMILAR LISTINGS NEAR 842 NW 1ST AVENUE
Listing courtesy of Fausto Commercial Realty Consultants Inc 07.16.2026
If you are interested in this property at 842 NW 1st Avenue or any other properties in Fort Lauderdale please contact The Rucco Group at (561) 737-0366.