831 NW 1st Ave, Fort Lauderdale FL, 33311

Active

831 NW 1st Ave

Fort Lauderdale FL, 33311

$849,500

$350.60 per sqft

Active

2,423 sqft

Multi-family

Built in 1974

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.

A11723168

MLSⓇ ID

January 13, 2025

Listed

January 14, 2025

Updated

Map

831 NW 1st Ave
Fort Lauderdale FL, 33311

Interior Features

Total Stories: 1
Floor Description: Tile
Fireplace: No
Cooling: Yes
Cooling Description: Central Air
Heating: Yes
Heating Description: Central

Exterior/Building Features

Lot Features: Less Than 1/4 Acre Lot
Architectual Style: Detached
Roof: Shingle
Sewer: Public Sewer

Other Property Details

Area Name: Progresso
Taxes: $13,009
Tax Frequency: Annually
Garage: No
Parking Total: 5
View: No
County: Broward County
Pool: No
Zoning: RMM-25

Listed by: Adache LLC
Listing Contact: 646-241-9551

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated 11:18 PM UTC, 1/14/2025.