842 1st Ave 1-8, Fort Lauderdale, FL 33311
Priced at Only: $2,079,000
Would you like to sell your home before you purchase this one?
- MLS#: F10426987 ( Commercial/Industrial )
- Street Address: 842 1st Ave 1-8
- Viewed: 8
- Price: $2,079,000
- Price sqft: $437
- Waterfront: No
- Year Built: 1973
- Bldg sqft: 4753
- Days On Market: 306
- Additional Information
- County: BROWARD
- City: Fort Lauderdale
- Zipcode: 33311
- Provided by: Arbor Residential
- Contact: Thomas Swartzbaugh
- (561) 358-7181
- DMCA Notice
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, 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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Features
Building and Construction
- Construction Type: Concrete Block Construction
- Floor Description: Carpeted Floors, Tile Floors
- Num Stories: 2.0000
- Roof Description: Other Roof
- Typeof Building: Commercial
- Year Built Description: Resale
Property Information
- Property Description: PROGRESSO VILLAGE
- Transaction Type Mlx: Sale
- Typeof Property: Income/Multi-Family
Land Information
- Lot Sq Footage: 10126
- Total Acreage: 0.2325
Garage and Parking
- Num Parking Spaces: 10
- Parking Description: Assigned Parking, Guest Parking
Eco-Communities
- Water Description: Public Water
Utilities
- Sewer Description: Public Sanitation
Finance and Tax Information
- Security Information: Fenced
- Sourceof Expenses: Other Source Of Expenses
- Tax Year: 2023
Other Features
- Board Identifier: BeachesMLS
- Geographic Area: Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
- Information Available: Copy Of Lease(S), Owner Managed
- Legal Description: PROGRESSO 2-18 D LOTS 44 THRU 46 BLK 259
- Locationof Property: Other Location, In Residential Area
- Miscellaneous Information: Exterior Lighting
- Occupancy Percentage: 100.0000
- Parcel Number: 494234063170
- Possession Information: At Closing
- Postal Code + 4: 7470
- Sale Includes: Building & Land, Other Sale Includes
- Section: 34
- Unit Number: 1-8
- Zoning Information: RMM-25
Contact Info
- John DeSalvio, REALTOR ®
- Office: 954.470.0212
- Mobile: 954.470.0212
- jdrealestatefl@gmail.com
Property Location and Similar Properties
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