Florida
Fort Lauderdale
842 NW 1st Ave

$2,049,000

842 NW 1st Ave, Fort Lauderdale, FL 33311

4,753 sqft

Multi-Family Home
Built in 1974
10,019sqft lot
—— car garage
$431/sqft
Listed 3 months ago

Property Description

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.

Listing Status:: Active
Date Added:: February 12, 2025 at 06:00AM
Listing Office:: Real Broker LLC : 855-450-0442
Listing Agent:: Joseph Brikman : 929-842-3080
MLS ID:: A11739246

Parking: Common

This listing courtesy of Joseph Brikman, Real Broker LLC

Location

Schools Nearby

North Side Elementary School

120 NE 11th St, Fort Lauderdale, FL, 33304

Grades PK-5

0.25 miles away

Sunrise Middle School

1750 NE 14th St, Fort Lauderdale, FL, 33304

Grades 6-8

1.47 miles away

Sunrise High School

424 W Sunrise Blvd, Fort Lauderdale, FL, 33311

Grades 9-12

0.27 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.