842 NW 1st Ave
Fort Lauderdale, FL 33311
-- Bed-- Bath4,753 Sq Ft49 Days on Market
For Sale $2,050,000
Save
Courtesy of Fausto Commercial Realty Consultants Inc
Listing Agent & Comments
Elior Levi • Fausto Commercial Realty Consultants Inc
954-743-7594 • elevi@faustocommercial.com License #3574869Prime 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.
MLS# A11831358 • Data provided by Miami MLS
HouseCanary, Inc. Brokerage
| Living Area | 4,753 Sq.Ft. |
|---|---|
| Lot Size | 0.2 Acres |
| Total Rooms | -- |
| Bedrooms | -- |
| Bathrooms | -- |
| Stories | 2 |
| Year Built | 1973 |
| Property Type | Multifamily |
| Zoning | RMM-25 |
| HOA Name | -- |
| HOA Fee | -- |
| HOA Includes | -- |
| Tax Year | 2024 |
| Tax Amount | $20,453 |
| Property in Flood Zone | -- |
| Basement | -- |
| Pool | No |
Data provided by Miami MLS.
More Information On This Home
This home's estimated value
$1,939,987
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties
New
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The information is being provided by Miami MLS. Information deemed reliable but not guaranteed. Information is provided for consumers'' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Copyright 2025 Miami MLS. All Rights Reserved.
Updated on 08/23/2025 at 6:04am
842 NW 1st Ave., Fort Lauderdale, FL 33311
Multifamily-- Bed-- Bath4,753 Sq Ft49 Days on Market
Listing Agent & Comments
Elior Levi • Fausto Commercial Realty Consultants Inc
954-743-7594 • elevi@faustocommercial.com License #3574869Prime 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.
MLS# A11831358 • Data provided by Miami MLS
HouseCanary, Inc. Brokerage
| Living Area | 4,753 Sq.Ft. |
|---|---|
| Lot Size | 0.2 Acres |
| Total Rooms | -- |
| Bedrooms | -- |
| Bathrooms | -- |
| Stories | 2 |
| Year Built | 1973 |
| Property Type | Multifamily |
| Zoning | RMM-25 |
| HOA Name | -- |
| HOA Fee | -- |
| HOA Includes | -- |
| Tax Year | 2024 |
| Tax Amount | $20,453 |
| Property in Flood Zone | -- |
| Basement | -- |
| Pool | No |
Data provided by Miami MLS.
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
For Sale $2,050,000
Save
Courtesy of Fausto Commercial Realty Consultants Inc
The information is being provided by Miami MLS. Information deemed reliable but not guaranteed. Information is provided for consumers'' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Copyright 2025 Miami MLS. All Rights Reserved.
Updated on 08/23/2025 at 6:04am
842 NW 1st Ave
Fort Lauderdale, FL 33311
-- Bed-- Bath4,753 Sq Ft49 Days on Market
Listing Agent & Comments
Elior Levi • Fausto Commercial Realty Consultants Inc
954-743-7594 • elevi@faustocommercial.com License #3574869Prime 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.
MLS# A11831358 • Data provided by Miami MLS
HouseCanary, Inc. Brokerage
| Living Area | 4,753 Sq.Ft. |
|---|---|
| Lot Size | 0.2 Acres |
| Total Rooms | -- |
| Bedrooms | -- |
| Bathrooms | -- |
| Stories | 2 |
| Year Built | 1973 |
| Property Type | Multifamily |
| Zoning | RMM-25 |
| HOA Name | -- |
| HOA Fee | -- |
| HOA Includes | -- |
| Tax Year | 2024 |
| Tax Amount | $20,453 |
| Property in Flood Zone | -- |
| Basement | -- |
| Pool | No |
Data provided by Miami MLS.
More Information On This Home
This home's estimated value
$1,939,987
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
The information is being provided by Miami MLS. Information deemed reliable but not guaranteed. Information is provided for consumers'' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Copyright 2025 Miami MLS. All Rights Reserved.
Updated on 08/23/2025 at 6:04am
For Sale $2,050,000
Save
Courtesy of Fausto Commercial Realty Consultants Inc