842 NW 1st Ave #1-8 Active Save Request In-Person Tour Request Virtual Tour
Fort Lauderdale,FL 33311
Key Details
Property Type Multi-Family, Commercial
Sub Type Income/Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID F10426987
Year Built 1973
Annual Tax Amount $17,887
Tax Year 2023
Lot Size 10,126 Sqft
Property Description
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.
Location
State FL
County Broward County
Area Ft Ldale Nw(3390-3400;3460;3540-3560;3720;3810)
Zoning RMM-25
Interior
Flooring Carpeted Floors,Tile Floors
Exterior
Waterfront No
Water Access N
Roof Type Other Roof
Building
Story 2.0000
Foundation Concrete Block Construction
Sewer Public Sanitation
Water Public Water
Others
Acceptable Financing Cash,Conventional/Refinance
Listing Terms Cash,Conventional/Refinance