831 NW 1st Ave Fort Lauderdale, FL 33311
Progresso Village NeighborhoodEstimated payment $5,825/month
Highlights
- No HOA
- Complete Impact Glass
- Central Heating and Cooling System
- Fort Lauderdale High School Rated A
- Tile Flooring
- 5-minute walk to Warfield Park
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,009
Year Built
- Built in 1974
Parking
- 5 Parking Spaces
Home Design
- Quadruplex
- Shingle Roof
Interior Spaces
- 2,423 Sq Ft Home
- 1-Story Property
- Tile Flooring
- Complete Impact Glass
Utilities
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- Progresso Condos
- Progresso Subdivision
Listing and Financial Details
- Assessor Parcel Number 494234063240
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,009 | $730,000 | $110,060 | $619,940 |
| 2024 | $8,858 | $596,330 | $36,690 | $559,640 |
| 2023 | $8,858 | $354,590 | $0 | $0 |
| 2022 | $8,093 | $322,360 | $0 | $0 |
| 2021 | $7,356 | $293,060 | $0 | $0 |
| 2020 | $7,004 | $318,490 | $36,690 | $281,800 |
| 2019 | $6,102 | $320,730 | $36,690 | $284,040 |
| 2018 | $5,286 | $261,550 | $36,690 | $224,860 |
| 2017 | $4,912 | $200,180 | $0 | $0 |
| 2016 | $4,491 | $181,990 | $0 | $0 |
| 2015 | $3,633 | $131,420 | $0 | $0 |
| 2014 | $3,421 | $119,480 | $0 | $0 |
| 2013 | -- | $108,620 | $36,690 | $71,930 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/13/2025 03/13/25 | For Sale | $849,500 | 0.0% | $351 / Sq Ft |
| 02/20/2025 02/20/25 | Pending | -- | -- | -- |
| 01/13/2025 01/13/25 | For Sale | $849,500 | +2.3% | $351 / Sq Ft |
| 05/13/2024 05/13/24 | Sold | $830,000 | 0.0% | $357 / Sq Ft |
| 05/13/2024 05/13/24 | For Sale | $830,000 | +248.9% | $357 / Sq Ft |
| 09/02/2015 09/02/15 | Sold | $237,894 | -10.6% | $102 / Sq Ft |
| 08/03/2015 08/03/15 | Pending | -- | -- | -- |
| 04/29/2015 04/29/15 | For Sale | $266,000 | -- | $114 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $830,000 | Lexant Title | |
| Warranty Deed | $610,900 | Lexant Title | |
| Warranty Deed | $237,900 | Attorney | |
| Quit Claim Deed | -- | Attorney | |
| Warranty Deed | -- | Attorney | |
| Interfamily Deed Transfer | -- | Attorney | |
| Special Warranty Deed | $100,000 | New House Title Llc | |
| Quit Claim Deed | -- | New House Title Llc | |
| Trustee Deed | $270,000 | Attorney | |
| Warranty Deed | $379,900 | Northeast Title & Insurance |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $600,000 | New Conventional | |
| Previous Owner | $3,311,000 | New Conventional | |
| Previous Owner | $341,910 | Commercial |
Source: MIAMI REALTORS® MLS
MLS Number: A11723168
APN: 49-42-34-06-3240
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