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