FL > Fort Lauderdale
Fort Lauderdale, FL 33311,842 NW 1st Ave #1-8
Fort Lauderdale, FL 33311,842 NW 1st Ave #1-8
Fort Lauderdale, FL 33311,842 NW 1st Ave #1-8
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Greg Marchese

Greg Marchese

+1(954) 888-8289
$2,079,000
Est. payment /mo
10,126 Sqft Lot
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UPDATED:

11/05/2024 03:33 PM

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

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BeachesMLS Matrix (RAPB-F prefix)
Listed by Arbor Residential

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Greg Marchese

+1(954) 888-8289

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