842 Northwest 1st Avenue, Unit 18

Fort Lauderdale, FL 33311

$2,170,000
Price
Beds
4,753 Sq. Ft.
$457 / Sq. Ft.
4,753
Sq. Ft.
$457
per Sq. Ft.

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,...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 Details for 842 Northwest 1st Avenue, Unit 18

Waterfront
No

Location

Listing Courtesy of Sunbelt Investment Properties
Add your commute
LISTING UPDATED: 05/14/2024 11:12 AM

Property Details for 842 Northwest 1st Avenue, Unit 18

StatusActive
MLS #F10426987
Days on Market69
Taxes$17,887 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi-Family
Year Built1973
Lot Size0.23 AC / 10,126 SF
CountyBroward County

Location

Listing Courtesy of Sunbelt Investment Properties
Add your commute

Building Information for 842 Northwest 1st Avenue, Unit 18

Stories-Residences-Year Built1973Building Size-Lot Size0.23 AC / 10,126 SF

Payment Calculator

$13,333 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,843

Property Taxes

$1,491

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 842 Northwest 1st Avenue, Unit 18

General Information
General Information
  • Sq Ft Total: 4753
  • Information Available: Copy Of Lease(S), Owner Managed
  • Street Number Numeric: 842
  • Street Number: 842
  • Street Direction Prefix: NW
  • Street Name: 1st Ave
  • County Or Parish: Broward County
  • Postal Code: 33311
  • City and Location Text: Fort Lauderdale
  • City Postal ID: 33311
  • Price Per Square Foot: $0
Maintenance / Tax Information
  • Tax Amount: $17,887
  • Tax Year: 2023
Building Information
  • Property Description: PROGRESSO VILLAGE
  • Property Sq Ft: 10126
  • Property Type: Commercial/Industrial
  • Type of Building: Commercial
  • Type of Property: Income/Multi-Family
  • Year Built Numeric: 1973
  • Year Built Description: Resale
  • MLS Area: 3810
Virtual Tour / Features / Utilities
Interior
  • Floor Description: Carpeted Floors, Tile Floors
  • Flooring: Carpeted Floors, Tile Floors
Exterior
  • Construction Type: Concrete Block Construction
  • Roof Description: Other Roof
  • Construction: Concrete Block Construction
  • Roof: Other Roof
Waterfront
  • Water Description: Public Water
Parking
  • Parking Description: Assigned Parking, Guest Parking
Utilities
  • Sewer Description: Public Sanitation
Property / Lot Information
Building Information
  • Unit Count: 1
  • Miscellaneous Information: Exterior Lighting
  • Zoning Information: RMM-25
  • Num Buildings: 1
  • Num Floors: 2
  • Num Meters: 8
  • Num Parking Spaces: 10
  • Num Stories: 2
  • Num Tenants: 8
  • Unit Number: 1-8
Community Information
  • Subdivision Number Numeric: 6
  • Property Management: No
Location Information
  • Area: 3810
  • Directions: Head east FL-838 E/W Sunrise Blvd. Turn right (south) onto North Andrews Avenue. Turn right onto NW 9th Street. Frist left (south) NW 1st Avenue. Property on your immediate left.
  • Geographic Area: Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
  • Location of Property: Other Location, In Residential Area
  • Parcel Number Free Text: 494234063170
  • Section: 34
  • State: FL
Lot Information
  • Approximate Lot Size: 10126
  • Lot Square Footage: 10126.0
  • Total Acreage: 0
Multi Family Information
Expense Information
  • Source of Expenses: Other Source Of Expenses
Income Information
  • Occupancy Percentage: 100.00%

Property History for 842 Northwest 1st Avenue, Unit 18

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 842 Northwest 1st Avenue, Unit 18

This home is within Broward.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
North Side Elementary School
PublicPK to 5

Sunrise Middle School
Public6 to 8

Fort Lauderdale High School
Public9 to 12

Sunrise High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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842 Northwest 1st Avenue, Unit 18 is a multi-family home for sale in Fort Lauderdale, FL 33311. This property was listed for sale on March 4, 2024 by Sunbelt Investment Properties, it's currently listed at $2,170,000. This listing's school district is Broward. Nearby schools include North Side Elementary School, Sunrise Middle School and Fort Lauderdale High School. 842 Northwest 1st Avenue, Unit 18 is a 0-bed, 0-bath, 4,753 sqft multi-family home built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sunbelt Investment Properties

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.