Dorsa Group Realty
Renée F. Dorsa, Dorsa Group RealtyPhone: (347) 517-4764
Email: [email protected]
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listing
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Single FamilyFor Sale
$2,050,000
842 NW 1st Ave
Fort Lauderdale, FL 33311
Courtesy of Fausto Commercial Realty Consultants Inc
MLS: MIAMI Association of REALTORS
4,753Sq Ft
Est. Mortgage
$10,682/mo

Prime 8-unit multifamily in booming Downtown Fort Lauderdale, just off Andrews Ave and Sunrise Blvd in Progresso Village. Fully stabilized with spacious 1-bed/1-bath units featuring modern interiors, impact doors, separate meters, and extensive updates including new kitchens, doors, vanities, light fixtures, cabinets, stone counters, and walk-in closets. Fully leased at $1,750/month on Section 8, providing secure income from day one, with pro forma rents of $1,900+. The 10,000 SF lot (zoned RMM-25 and being rezoned to NW RAC) offers future potential to double the unit count. Rare seller financing at 5.5% interest-only makes this a standout cash flow and redevelopment opportunity in Fort Lauderdale’s fastest-growing corridor.

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Information courtesy of Fausto Commercial Realty Consultants Inc is subject to verification and is not guaranteed.
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