842 NW 1st Avenue, 1-8, Fort Lauderdale

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 to be completed before close. Current/pro-forma cash flow & re-development information in attached supplements. Interior video available on request. Text Thomas for fastest response. As Is purchase. Offers before access. DO NOT DISTURB ANY TENANTS & DRIVE BY ONLY. Interior video to share on request. PROOF OF FUNDS or PRE-APPROVAL required with contract. Current/pro-forma cash flow and area re-development information in attached supplements & photos***Text Thomas for fastest response and to receive unit interior video.

Listing Courtesy of Sunbelt Investment Properties