$2,149,000 $11,536 est/mo Sourced by Back At You

842 NW 1st Ave 1-8,Fort Lauderdale, FL 33311

Fort Lauderdale FL, 33311

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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.

Details

MLS#F10426987
Listing TypeFor Sale
StyleTown House
Suite Number1
Sub-TypeResale
StatusActive
Year1973
Days On Site119
Listing Provided BySunbelt Investment Properties | Thomas Swartzbaugh

Features

SQ Feet4,753
Story(s)2
Units1
Building(s)1
ZoningRMM-25
Acreage0.23

Market Activity 33311

The information is being provided by Beaches MLS. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Beaches MLS. All Rights Reserved.

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Learn More About This Property

StateFL
CountyBroward County
CityFort Lauderdale
Zip Code33311
Area3810
SubareaFt Ldale NW(3390 3400;3460;3540 3560;3720;3810)
Listing VS Median (in 33311)
Price:
$2,149,000
low | high
Med:
$285,100
100% of Average
SqFt:
4,753
low | high
Med:
975
100% of Average
$ / SqFt:
$452
low | high
Med:
$292
85.326852083855% of Average
On Site:
119
low | high
Med:
123
96.747967479675% of Average
Sourced by Back At You
Listing Updated: June 4, 2024 at 10:20:41 AM PDT