Off-Market Condo at 1044 NE 18th Ave, Oakland Park, FL 33304

1044 NE 18th Ave, Oakland Park, FL 33304

Unit - #204

$579,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $416 per day and long-term for an average of $5,858 per month, based on similar listings in the area. Estimated short-term cap rate of 5.6%. Estimated long-term cap rate of 1.8%. Galleria Lofts two-story modern townhouse in the heart of East Ft Lauderdale built in 2018. Largest Floorplan. Features include open concept floor plan, impact windows/doors, stainless appliances, 1st floor powder room, a loft area that could be easily converted to a 3rd bedroom. Primary suite features a large balcony, walk-in closet and 2 additional closets, giant shower, soaking tub & dual sinks. 2 Parking Spots. 1 car garage + assigned open spot. Complex has pool and small dog park. Galleria Lofts puts you in the middle of everything in Ft Lauderdale including, .5 mi from shopping at Galleria Mall, walk to the Ocean on Ft Lauderdale Beach, minutes to Las Olas, Wilton Manors, shopping, dining more. Convenient access to I95, 595 & FLL Airport!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$938
Rental Policy
daily
Yearly Taxes
$11631
Bedrooms
3
Bathrooms
2.5
SQFT
1,806
Furnished
N/A
Year built
2018
Listing Status
Off Market
MLS
F10479286

Short-term Rental Potential
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$92,532

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$320

Price/SQFT

Long-term Rental Potential
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$70,296

Revenue
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Profit
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Cap rate
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Cash on Cash
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$5,858/mo

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