Off-Market Property at 1110 N Riverside Dr, Pompano Beach, FL, 33062

1110 N Riverside Dr, Pompano Beach, FL, 33062

$180,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $145 per day and long-term for an average of $1,600 per month, based on similar listings in the area. Estimated short-term cap rate of -1.9%. Estimated long-term cap rate of -8.0%. PRICE IMPROVEMENT. Beachside Bliss-Your Perfect Snowbird Oasis! Welcome to your dream coastal retreat! Co-Op, nestled just minutes away from the pristine beach, offers the ultimate in sun-soaked living.Tailor-made for snowbirds looking for a warm winter escape. The common area complete with comfortable seating and shaded areas, is the perfect spot to mingle with fellow residents or just relax with a good book after a dip in the inviting pool. With a climate that invites outdoor living year-round, this Co-Op is an excellent investment for both vacation seekers and rental income potential. Short stroll to a vibrant restaurant scene and endless culinary options to satisfy your taste buds. Your coastal oasis awaits! Call to schedule a viewing today and make this condo your beachside haven!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$1581
Rental Policy
daily
Yearly Taxes
$3164
Bedrooms
1
Bathrooms
1
SQFT
560
Furnished
unknown
Year built
1960
Listing Status
Off Market
MLS
A11512968

Short-term Rental Potential
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$30,264

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$321

Price/SQFT

Long-term Rental Potential
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$19,200

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,600/mo

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