Progresso Fourplex For Sale
842 Nw 1st Ave, Fort Lauderdale, FL 33311

$2,050,000
New For Sale
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:A11831358
  • Virtual Tour: YES
  • List Price: $2,050,000
  • Living Area: 4753 Ft² / 442 M²
  • Price Per Foot/Meter: $431 / $4,643
  • Taxes:$20,453
  • Year Built:1973
  • Listing Date:July 5, 2025
  • Days On Market:6

Description


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.

Features


  • Floor:Other, Tile
  • Exterior Feature:

Location


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Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker