431 NW 1st Avenue, Fort Lauderdale, FL 33301 — MLS photo

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431 NW 1st Avenue, Fort Lauderdale, FL 33301

Active · CommercialSale

$5,000,000

431 NW 1st Avenue, Fort Lauderdale, FL 33301

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
—
Lot size
6,375 sq ft
HOA fee
—
Annual tax
—

About this property

2 ADJOINING PARCELS-DRASTICALLY REDUCED-BRING OFFERS Be part of one of Ft. Lauderdale's hottest movements, Fat Village! Located between W Sunrise Blvd and W Broward Blvd in an opportunity zone and just a 5-minute walk to Fort Lauderdale's Brightline Station. Ideal for mixed or multi-family. SALE ALSO INCLUDES 429 NW 1st AVE Build up to 30 stories per zoning dept. of Ft. Lauderdale. No setbacks. Take advantage of the Live Local Act. **Additional parcels available 114 NW 5th St. .64 acres. Property is in HubZone. Land survey in supplements

Property location

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431 NW 1st Avenue, Fort Lauderdale, FL 33301

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
CommercialSale
Lot size
6,375 sq ft

Parking

Covered spaces
0

HOA, Community & Financials

County
Broward
Days on market
498
MLS listing ID
F10506407
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$9,786

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$23,703/mo
Down payment
$1,250,000
Loan amount
$3,750,000
Annual NOI
$167,000

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.