842 1st Ave ,Residential-multi-family for Sale

842 1st Ave for Sale

Price $2,049,000.00

• Lot size 10126
• Year Build 1974
• Waterfront
• Zip 33311
• Style
• Parking Description Common
• Pool Yes
• Status Active

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.

EASY TO SHOW! SEE ATTACHMENTS FOR OFFERING MEMORANDUM AND RENT ROLL. POF REQUIRED TO SHOW. PLEASE TEXT WITH ANY QUESTIONS. NO SHOWINGS ON SATURDAYS.

PROGRESSO 2-18 D LOTS 44 THRU 46 BLK 259

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.

City:Fort Lauderdale,Zoning:RMM-25,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:26.1347167,List Price:2049000,Listing Id:A11739246,Longitude:-80.1447748,Mls Status:Active,Year Built:1974,Directions:USE GOOGLE MAPS,Postal Code:33311,Street Name:1st Ave,Coordinates:1:26.1347167,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:3810,On Market Date:2025-02-12,Parcel Number:494234063170,Parking Total:10,Property Type:Commercial Sale,Stories Total:2,Street Number:842,Public Remarks: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.,County Or Parish:Broward County,List Office Name:Real Broker LLC,Private Remarks:EASY TO SHOW! SEE ATTACHMENTS FOR OFFERING MEMORANDUM AND RENT ROLL. POF REQUIRED TO SHOW. PLEASE TEXT WITH ANY QUESTIONS. NO SHOWINGS ON SATURDAYS.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Increase,Postal Code Plus4:7470,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:20453,Unparsed Address:842 NW 1st Ave, Fort Lauderdale FL 33311,Listing Agreement:Exclusive Agency,Year Built Details:Resale,Building Area Total:4753,Building Area Units:Square Feet,Lot Size Square Feet:10126,Original List Price:1049000,Previous List Price:1049000,Public Survey Range:49,I D X Participation Y N:1,Syndication Remarks: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 Contract Date:2025-02-12,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:Appointment Only,Call Listing Agent,Street Number Numeric:842,Tax Legal Description:PROGRESSO 2-18 D LOTS 44 THRU 46 BLK 259,Public Survey Township:49,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Excellent opportunity to develop and hold a multifamily asset in Progresso Village prime location off Andrews Ave & Sunrise Blvd in Fort Lauderdale.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2025-02-12,Internet Address Display Y N:1,Number Of Units In Community:8,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,