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842 NW 1st Ave # 1-8 Fort Lauderdale, FL $ 2,149,000
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$ 2,149,000 Get more info
842 NW 1st Ave # 1-8
$ 2,149,000
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842 NW 1st Ave # 1-8

Fort Lauderdale, FL, 33311
$ 2,149,000
Bedrooms1 Baths0.0 Sq 4,753

Monthly Estimate*

$ 14,283

842 NW 1st Ave # 1-8, Fort Lauderdale, FL 33311 - Image 1
842 NW 1st Ave # 1-8, Fort Lauderdale, FL 33311 - Image 2
842 NW 1st Ave # 1-8, Fort Lauderdale, FL 33311 - Image 3
842 NW 1st Ave # 1-8, Fort Lauderdale, FL 33311 - Image 4
842 NW 1st Ave # 1-8, Fort Lauderdale, FL 33311 - Image 5
842 NW 1st Ave # 1-8, Fort Lauderdale, FL 33311 - Image 6
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Commercial Property for sale in Fort Lauderdale, FL

for $2,149,000 with 1 bedroom. This 4,753 square foot building was built in 1973 on a lot size of 0.2325.

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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Commercial Active

Price

$ 2,149,000

Bedrooms

1

Property Type

Commercial

Taxes

$ 17,887

Style

Lot Size

0.2325

Year Built

1973

Town/City

Fort Lauderdale

County/Region

Broward

MLS | Web ID

F10426987
Features
General
Water Description Public Water
Property Type Commercial/Industrial
Area 3810
Section 34
Security Fenced
Approximate Lot Size 10126
Property Description PROGRESSO VILLAGE
Short Sale 0
Year Built 1973
Type of Property Income/Multi-Family
Waterfront Property 0
REO 0
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Exterior
Parking Description Assigned Parking Guest Parking
Parking Spaces 10
Construction Type Concrete Block Construction
Buidlings 1
Acres 0.2325
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Interior
Flooring Carpeted Floors Tile Floors
Units 8
Stories 2.0000
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* Excluded Features
List By
Sunbelt Investment Properties

Broker

tps@tpsinvest.com

Email

Affordability Calculator

$15,774
Per Month
91%
9%
0%
Monthly Principal & Interest
$14,283
Monthly Property Taxes
$1,491
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
295894 Elementary School
296011 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/4/2024$2,149,000 -0.97% Price Down
5/14/2024$2,170,000 -1.14% Price Down
3/18/2024$2,195,000 Listed Price

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842 NW 1st Ave # 1-8, Fort Lauderdale, FL, 33311 is a Commercial Property for sale at $2,149,000 with 4,753 sqft and a lot size of 0.2325. 842 NW 1st Ave # 1-8 has 1 bedrooms, 0.0 baths, and was built in 1973. The property's zip code is 33311 which is in Fort Lauderdale, FL

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