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842 Nw 1st Ave 1-8, Fort Lauderdale, FL – $2,099,000

  • $2.1M Price
  • 10,126 Sqft
  • .23 Acres
  • $2.1M Price
  • 10,126 Sqft
  • .23 Acres

842 Nw 1st Ave 1-8

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.

Essential Information

  • MLS® #F10426987
  • Price$2,099,000
  • Bathrooms0.00
  • Square Footage10,126
  • Acres0.23
  • Year Built1973
  • TypeCommercial
  • StatusActive-Available

Community Information

  • Address842 Nw 1st Ave 1-8
  • Area3810
  • CityFort Lauderdale
  • CountyBroward County
  • StateFL
  • Zip Code33311-7470

Amenities

  • Parking Spaces10

Parking

Assigned Parking, Guest Parking

Interior

  • # of Stories2
  • Stories2

Exterior

  • RoofOther Roof
  • ConstructionConcrete Block Construction

Additional Information

  • Listing Courtesy ofArbor Residential
  • ZoningRMM-25
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Price Change History for 842 Nw 1st Ave 1-8, Fort Lauderdale, FL (MLS® #F10426987)

Date Details Change
Price Reduced from $2,149,000 to $2,099,000 $50,000 (2.33%)
Price Reduced from $2,170,000 to $2,149,000 $21,000 (0.97%)
Price Reduced from $2,172,500 to $2,170,000 $2,500 (0.12%)
Price Increased from $2,170,000 to $2,172,500 $2,500 (0.12%)
Price Reduced from $2,195,000 to $2,170,000 $25,000 (1.14%)
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