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
Construction Status Resale
HOA Y/N No
Total Fin. Sqft 10126
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
Private Pool No
Building
Story 2.0000
Foundation Concrete Block Construction
Sewer Public Sanitation
Water Public Water
Construction Status Resale
Others
Pets Allowed No
Security Features Fenced
Acceptable Financing Cash,Conventional/Refinance
Listing Terms Cash,Conventional/Refinance