Sold: Sep 21, 2026 - Seller Financing
Address
842 Nw 1st Ave, Fort Lauderdale, FL
Price
$ 1,650,000
Property Attributes
- MLS#A11831358
- TypeIncome
- Listing Status Closed
- CountyBroward
- CityFort Lauderdale
- Area3810
- NeighborhoodPROGRESSO
- Zip33311
- Style
- Year Built1973
- Taxes$ 20453
- Price$ 1,650,000
- Bedrooms1
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage4753
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description
Rare opportunity to acquire an 8-unit multifamily in Progresso Village, just off Andrews Ave and Sunrise Blvd in Downtown Fort Lauderdale. The property offers eight 1-bed/1-bath units with modern interiors, impact doors, separate meters, and upgrades including new kitchens, stone counters, walk-in closets, vanities, light fixtures, and cabinets. Currently 7 units are leased with 1 recently renovated and vacant, generating $146,568 gross income with upside as rents renew. Sitting on a 10,000 SF lot zoned RMM-25 and in process of rezoning to NW RAC, the site offers potential to double the unit count. With rare seller financing at 5.5% interest-only, this investment delivers strong cash flow and long-term redevelopment potential in one of Fort Lauderdale’s fastest-growing corridors.
| Price History | |
|---|---|
| 10/22/2025 | Listed $1,900,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Other |
| Cooling | Other |
| Utilities | Cable Available |
| Possession | Closing & Funding |
| Roof | Built-Up,Shingle |
| Architectural Style | Fourplex |
| Pool Features | None |
| Construction Materials | Block |
| Year Built | 1973 |
| Stories Count | 2 |
| Levels | Two |
| Property Subtype | Quadruplex |
| Tax Year | 2024 |
| County | Broward |
| Property Type | Residential Income |
| Contingency | Pending Inspections |
| Subdivision Name | PROGRESSO |
| Possible Use | Investment |
| Rent Includes | Gardener,Hot Water,Other,Pest Control,Sewer,Trash Collection,Water |
| Full Baths | 1 |
| Status | Closed |
| City | Fort Lauderdale |
| Zoning Description | RMM-25 |
| Number Of Units Total | 8 |
| MLS Area | 3810 |
| Lot Size Units | Square Feet |
| Listing Terms | Cash,Conventional,Owner May Carry,Other |
| Year Built Details | Resale |
| Tax Annual Amount | 20453 |
| MLS Area Minor | Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810) |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A11831358 |
| Standard Status | Closed |
| Occupancy Type | Call Agent |
| Property Sub Type Additional | Quadruplex |
| PostalCity | Fort Lauderdale |
| Legal Description | PROGRESSO 2-18 D LOTS 44 THRU 46 BLK 259 |
Interior Features
| Flooring | Other,Tile |
|---|---|
| Total Bedrooms | 1 |
Exterior Features
| Lot Features | < 1/4 Acre |
|---|---|
| Total Parking | 11 |
| Building Area Total | 4753 |
| Waterfront Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 33311
Price
Taxes
Year Built
In The Neighborhood
Fort Lauderdale
$ 1,500,000
615-619 Nw 11th Ave
Fort Lauderdale, FL 33311
- Type
- Income
- Size
- 3,443 SqFt
- Rooms
- 1 Beds + 1 Baths
Fort Lauderdale
$ 800,000
1026 Ne 9th Ave
Fort Lauderdale, FL 33304
- Type
- Income
- Size
- 1,892 SqFt
- Rooms
- 2 Beds + 1 Baths
Open House
Fort Lauderdale
$ 745,000
Fort Lauderdale, FL 33304
- Type
- Income
- Size
- 1,382 SqFt
- Rooms
- 2 Beds + 1 Baths
Fort Lauderdale
$ 530,000
1022 Nw 6th Ave
Fort Lauderdale, FL 33311
- Type
- Income
- Size
- 1,350 SqFt
- Rooms
- 2 Beds + 1 Baths
Fort Lauderdale
$ 509,000
1223-1225 Nw 6th Ave
Fort Lauderdale, FL 33311
- Type
- Income
- Size
- 1,756 SqFt
- Rooms
- 3 Beds + 1 Baths
Reduced
Fort Lauderdale
$ 465,000
1515 Nw 2nd Ave
Fort Lauderdale, FL 33311
- Type
- Income
- Size
- 1,523 SqFt
- Rooms
- 1 Beds + 1 Baths
Reduced
Fort Lauderdale
$ 899,999
1417 Ne 5th Ave
Fort Lauderdale, FL 33304
- Type
- Income
- Size
- 2,571 SqFt
- Rooms
- 1 Beds + 1 Baths
Reduced
Fort Lauderdale
$ 670,000
1511-1513 Nw 8th Ave
Fort Lauderdale, FL 33311
- Type
- Income
- Size
- 2,504 SqFt
- Rooms
- 3 Beds + 2 Baths
Fort Lauderdale
$ 1,355,000
1109 Ne 16th Ter
Fort Lauderdale, FL 33304
- Type
- Income
- Size
- 2,276 SqFt
- Rooms
- 2 Beds + 2 Baths
Seller Financing
Fort Lauderdale
$ 1,599,000
811-817 Nw 3rd Ave
Fort Lauderdale, FL 33311
- Type
- Income
- Size
- 1,032 SqFt
- Rooms
- 3 Beds + 3.5 Baths
Reduced
Fort Lauderdale
$ 1,075,000
1615 Ne 9th St
Fort Lauderdale, FL 33304
- Type
- Income
- Size
- 2,295 SqFt
- Rooms
- 2 Beds + 1 Baths
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on September 21, 2026 6:46 AM UTC
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Data Last Updated: September 21, 2026 6:56 AM UTC
