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.
|
DAYS ON MARKET
|
15
|
LAST UPDATED
|
5/2/2024
|
|
TRACT
|
UNIVERSITY PARC RESIDENCE
|
YEAR BUILT
|
2003
|
|
COMMUNITY
|
3780
|
COUNTY
|
Broward
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Condo/Townhouse/Co-Op
|
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| AMENITIES |
Maintenance Grounds |
| APPLIANCES |
Dishwasher, Dryer, Microwave, Refrigerator, Self Cleaning Oven, Washer |
| AREA |
3780 |
| BUYER'S BROKERAGE COMPENSATION |
2.5% |
| CONSTRUCTION |
BLOCK |
| EXTERIOR |
Balcony |
| HEAT |
CENTRAL |
| HOA DUES |
346 |
| INTERIOR |
Vaulted Ceiling(s), Walk-In Closet(s) |
| LOT |
0 |
| PARKING |
Open |
| POOL DESCRIPTION |
Association |
| STORIES |
3 |
| STYLE |
GardenApartment |
| SUBDIVISION |
UNIVERSITY PARC RESIDENCE |
| TAXES |
4620 |
| UTILITIES |
Cable Available |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Pool |
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Data last updated: 5/17/24 1:50 AM PDT.
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