Active

842 NW 1st Ave 1-8

Fort Lauderdale FL, 33311

$2,099,000


$441.62 per sqft

Active

4,753 sqft

Commercial

Built in 1973

Two-story, 8 unit (all 1B/1B) opportunity in the booming Progresso & downtown Fort Lauderdale redevelopment district. Re-zoning/assemblage exit strategy with 10,000+ sq. ft. lot on the east side of NW 1st Avenue. Blocks from upcoming 24 & 25 story 1000 unit+ Fat Village East & West. 2000 residential units approved in the immediate 5 block area. Stabilized rents average $1,678 monthly, leased for steady day-one cash flow. Pro-forma rents $1,900+. New front doors, kitchens, exhaust fans, vanities, light fixtures, cabinets & stone counters in the majority of units. All have walk-in closets. 40-year certification completed. Current/pro-forma cash flow & re-development information in attached supplements. Interior video available on request. Text Thomas for fastest response.

F10426987

MLS ID

March 18, 2024

Listed

September 5, 2024

Updated

Map

842 NW 1st Ave 1-8
Fort Lauderdale FL, 33311

Interior Features

Total Stories

2


Floor Description

Carpet, Tile


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.23 Acres


Roof

Other


Sewer

Public Sewer

Other Property Details

Area Name

3810


Taxes

$17,887


Tax Frequency

Annually


Days on Market

185


Garage

No


Parking

Assigned, Guest


Parking Total

10


View

No


County

Broward County


Water Source

Public


Pool

No

Listing History

Date

Event

Price

9/5/2024

Price change

$2,099,000

-3%

8/5/2024

Active

7/27/2024

Under contract

6/4/2024

Price change

$2,149,000

-1%

5/30/2024

Price change

$2,170,000

-1%

5/28/2024

Price change

$2,172,500

0%

5/14/2024

Price change

$2,170,000

-2%

5/6/2024

Price change

$2,195,000

-1%

Listed by: Arbor Residential
Listing Contact: (954) 451-8666 

All listings featuring the BMLS logo are provided by Association of Palm Beaches. This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by MLS.

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Data last updated 6:42 PM UTC, 9/5/2024

 

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