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Description
Introducing a prime investment opportunity in Davie, FL! This 2-bedroom and 2-bathroom condo unit built in 2003 offers immediate returns for savvy investors. The property’s prime location in the Fort Lauderdale area presents an attractive market for potential tenants. With its strong rental history and modern construction, this well-maintained low-rise is poised to deliver consistent returns and long-term value. Don’t miss out on this turnkey investment is generating a 4.5% capitalization rate at its current rental rate. Similar units are renting at 16% premium which would turn this investment a 5.7% cap rate.
Details
- Price: $295,000
- Property Sqf: 1061 Sq Ft
- Bedrooms: 2
- Full Bathrooms: 2
- Garage: 0
- Taxes Yearly: $4620
- Year Built: 2003
- Property Type: Condo
- Property Status: Active
- Community Pool: Yes Condo Pool
- HOA Dues: $346
- Tax-Folio: 504122AE0450
- Listed Date: 05-02-2024
Additional details
- Flooring: Tile
- Heating: Central
- Cooling: Central Air
- Bedroom Features: Entry Level
- Views: Pool Area View
- Pets Allowed: Restrictions Or Possible Restrictions
- Listing Source: Miami Board Of Realtors
- Listing Courtesy Of: TIR Prime Properties Corp. 305-944-5900
Features
Appliances & Equipment's:
Exterior Features:
Interior Features:
Address
- Location 7085||Nova Dr
- City Davie
- County Broward County
- Zip Code 33317
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