3 Total Photos [Click to View All]
842 NW 1st Ave
Listing Details
- $1,900,000
- MLS# A11831403
- Type Commercial - Business
- Status Active
Description
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,... Read more
Gallery
View Slideshow
Contact the Agent
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/14/2026. The listing information on this page last changed on 05/14/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 05/14/2026 12:00:02 AM EST) or Miami MLS (last updated Wed 05/13/2026 11:48:58 PM EST) or Stellar MLS (last updated Wed 05/13/2026 11:44:46 PM EST) or SPC MLS (last updated Wed 05/13/2026 11:21:15 PM EST) or Martin MLS (last updated Wed 05/13/2026 11:38:16 PM EST) or Indian River MLS (last updated Wed 05/13/2026 11:30:21 PM EST) or Northeast Florida MLS (last updated Wed 05/13/2026 11:59:07 PM EST) or Beaches MLS (last updated Wed 05/13/2026 11:49:08 PM EST) or Naples MLS (last updated Wed 05/13/2026 11:40:28 PM EST) or PBI MLS (last updated Wed 05/13/2026 11:21:40 PM EST) or Florida Keys MLS (last updated Wed 05/13/2026 8:30:35 PM EST). Real estate listings held by brokerage firms other than Illustrated Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
Privacy Policy / DMCA Notice / ADA Accessibility
All Property Features
- Property Type: Commercial - Business
- Crops Included Y/N: No
- Days on Site: 312
- Exterior: Concrete Block Construction, CBS Construction
- Flooring: Other, Tile
- Home Warranty Y/N: No
- Lease Considered Y/N: Yes
- Lease Terms: 1 To 3 Year Lease
- Listing Terms: All Cash, Conventional/Refinance, Owner Will Carry
- Lot Size: 0.23 Acres
- Parcel#: 494234063170
- Parking: Common
- Parking Notes: Common
- Property Attached Y/N: No
- Property Sub-Type: Income/MultiFamily
- Roof Type: Other, Shingle
- Stories: 2.0
- Taxes: $20,453
- Year Built: 1973