831 NW 1st Ave - Apartments FOR SALE


Fort Lauderdale, FL 33311
$850,000 USD
646-241-9551
831 NW 1st Ave, Fort Lauderdale, FL for Sale
$850,000 USD
Apartments - FOR SALE
1/23
null | 6% Cap Rate

831 NW 1st Ave
Fort Lauderdale, FL 33311


HIGHLIGHTS

  • 2017 Roof
  • Impact Windows
  • Large Units

OVERVIEW

Discover a prime investment opportunity at 831 NW 1st Ave, Fort Lauderdale, a well-maintained 4-unit multifamily property offering steady cash flow and future potential. Each spacious unit averages 600 square feet and generates $1,600 per month in rent, making this property an attractive income-producing asset. The building features hurricane impact windows for added security and durability. Conveniently near downtown Fort Lauderdale, the property is surrounded by significant development, including a site across the street recently rezoned to allow up to 120 feet in height and 150 units per acre. While this zoning doesn’t apply to the subject property, its proximity to such growth enhances the area’s appeal and long-term value. Driving Directions: Use GPS

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$121 USD /SF

# OF UNITS

4

PRICE/UNIT

$212,500

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Progresso

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,336 SF

ZONING

RMM-25

APN/PARCEL ID

49-42-34-06-3240

ASK ABOUT THIS PROPERTY

646-241-9551

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646-241-9551

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