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831 NW 1st Ave, Fort Lauderdale FL 33311

Residential Income

831 1st Ave

Fort Lauderdale, FL 33311

ML#:A11723168
List Price:$849,500
Status:Closed
Days on Market:49
Listing Brkr:Adache LLC
Subdivision:PROGRESSO
Bedrooms:0
Baths:0
SqFt (Liv):2,423
Lot Size:0 sqft
Year Built:1974
Stories:1

General Information

Type Property:Residential Income
Style:Quadruplex
Pool:
Garage Spaces:0
Parking:

Location Information

County:Miami-Dade County
Zip:33311
Subdivision:PROGRESSO
Latitude:26.134466
Longitude:-80.145364

Additional Features

Flooring:Tile
Heating:Central
Cooling:Central Air
Construction:Concrete Block Construction
Waterfront:No

Financial Information

Annual Taxes (2024):$13,009
Days on Market:49

Remarks

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.

Listing Agent

Johnathan Ibarra-Blackmoon

Adache LLC

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Prepared by Rangely Adames · Sunland Group · Licensed FL Real Estate Sales Associate · rangelyadames.com · (954) 833-0020

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