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Progresso

$2,050,000

842 NW 1st Ave, Oakland Park, FL 33311

Active
Last Updated: 07/10/2025

4,753 sqft

Building Size

1

Units

Details:
Building Size:    4,753 sqft
Units:    1
Year Built:    1973
Floors:    2
Parking Spots:    11
Gross Leaseable Area:    4,753
Highlights:
  • Lot Features: Less Than 1/4 Acre Lot
  • Documents Available: Other Available Information, Rent Rolls
  • Architectural Style: Detached
  • Cooling: Other
  • Heating: Other
  • Flooring: Other, Tile
  • Construction Materials: Concrete Block Construction, CBS Construction
Description:

Prime 8-unit multifamily in booming Downtown Fort Lauderdale, just off Andrews Ave and Sunrise Blvd in Progresso Village. Fully stabilized with spacious 1-bed/1-bath units featuring modern interiors, impact doors, separate meters, and extensive updates including new kitchens, doors, vanities, light fixtures, cabinets, stone counters, and walk-in closets. Fully leased at $1,750/month on Section 8, providing secure income from day one, with pro forma rents of $1,900+. The 10,000 SF lot (zoned RMM-25 and being rezoned to NW RAC) offers future potential to double the unit count. Rare seller financing at 5.5% interest-only makes this a standout cash flow and redevelopment opportunity in Fort Lauderdale’s fastest-growing corridor.

Map:
Location
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