842 NW 1st Ave #1-8Fort Lauderdale, FL 33311
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 to be completed before close. Current/pro-forma cash flow & re-development information in attached supplements. Interior video available on request. Text Thomas for fastest response.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyBroward
- Taxes$17,887
- HOA/Condo/Coop Fees$0
- Days on Site20 Days
- MLS StatusActive
- MLS ID NumberF10426987
- Home Size Source N/A
- Year Built1973
- Lot Size0.2325 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Block
- Parking AssignedGuest
- Parking Spaces 10
- Sewer Public Sewer
- Number of Stories 22
- Acreage 0.2325
- Water Public
- Zoning RMM-25
- Security Fenced
- Property Sub Type Multi Family
Interior Features
- Flooring CarpetTile
Exterior Features
- Roof Other
- Waterfront Property No
- Road Frontage City Street
Community Features
- MLS Area 3810
- Security Features Fenced