842 NW 1st Ave Fort Lauderdale, FL ^$ 2,049,000

842 NW 1st Ave

^$ 2,049,000

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842 NW 1st Ave

Fort Lauderdale, FL, 33311

^$ 2,049,000

Bedrooms8 Baths8.0 Sq 4,753

Monthly Estimate*

^$ 13,618

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Commercial Property for sale in Fort Lauderdale, FL

for $2,049,000 with 8 bedrooms and 8 full baths. This 4,753 square foot building was built in 1974 on a lot size of 0.232461.

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.

Commercial Active

Price

^$ 2,049,000

Bedrooms

Full Bath

Property Type

Commercial

Taxes

^$ 20,453

Style

MultiFamily

Lot Size

0.232461

Year Built

1974

Town/City

Fort Lauderdale

County/Region

Broward

MLS | Web ID

A11739246

Features

General

Possession CloseOfEscrow

Year Built 1974

Stories 2

Levels Two

Property Subtype MultiFamily

County Broward

New Construction N

Property Type CommercialSale

HOA N

Attached Garage N

Garage Y/N N

Status Active

Directions USE GOOGLE MAPS

City Fort Lauderdale

Senior Community Y/N N

Zoning Description RMM-25

Number Of Units Total 8

MLS Area 3810

Lot Size Units SquareFeet

Lot Size Square Feet 10126.0

Waterfront Y/N N

Carport Y/N N

Electric On Property Y/N N

Listing Terms Cash Conventional

Property Attached Y/N N

Year Built Details Resale

Land Lease Y/N N

Tax Annual Amount 20453.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11739246

Structure Type MultiFamily

Standard Status Active

Occupancy Type CallAgent

Property Sub Type Additional MultiFamily

Legal Description PROGRESSO 2-18 D LOTS 44 THRU 46 BLK 259

Exterior

Parking Features Common

Total Parking 10.0

Lot Size Area 10126.0

Spa N

Building Area Total 4753.0

Private Pool N

Covered Spaces 0.0

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Total Baths 0

Internal Only

Street Number 1 842

* Excluded Features

List By

Real Broker Llc

Broker

Joe@moderndayagent.info

Affordability Calculator

$15,323

Per Month

Monthly Principal & Interest: $13,618
Monthly Property Taxes: $1,704
Monthly Home Insurance: --

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Down Payment

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Fort Lauderdale, FL

Average List Price ^$1,352,930

Percent of Sale Price 34%

About Fort Lauderdale, FL

179,497 Population

6% Since 2002

^$58,187 Median Income

44.09 Median Age

18% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

292769 Elementary School

292996 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/12/2025	$2,049,000		Listed Price

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842 NW 1st Ave, Fort Lauderdale, FL, 33311 is a Commercial Property for sale at $2,049,000 with 4,753 sqft and a lot size of 0.232461. 842 NW 1st Ave has 8 bedrooms, 8.0 baths, and was built in 1974. The property's zip code is 33311 which is in Fort Lauderdale, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to the real estate for sale on this web site comes in part from the Realtor Association of Greater Miami and the Beaches.

The information being provided is for consumers'personal, non-commercial use and may not be used for any purpose other than to identify prospective consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.

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842 NW 1st Ave

Commercial Property for sale in Fort Lauderdale, FL

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