$2,079,000
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842 NW 1st Ave Unit 1-8 Fort Lauderdale, FL 33311
Multi-Family
Residence
Beds
Baths
4,753
Sq. Ft.
0.23
Acre
Lot
Property Activity
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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.
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MLS#
F10426987
Property Type
Multi-Family
Year Built
1973
Square Feet
4,753
sq. ft
Lot Size
0.23
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