Property 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, this investment delivers strong cash flow and long-term redevelopment potential in one of Fort Lauderdale’s fastest-growing corridors.

Overview

At a glance

Property Type

Commercial Sale

Property Sub-Type

Multi Family

Address

842 NW 1st Avenue, Fort Lauderdale, FL 33311

Zoning

RMM-25

MLS ID

A11831403

Listing Date

2025-07-05

Last Updated

5/18/2026, 2:59:33 PM

Days on Market

351