Off-Market Property at 1530 S Ocean Blvd, Pompano Beach, FL, 33062
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1530 S Ocean Blvd, Pompano Beach, FL, 33062

$740,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $259 per day and long-term for an average of $4,358 per month, based on similar listings in the area. Estimated short-term cap rate of -1.4%. Estimated long-term cap rate of -2.7%. Enjoy the picturesque sunrise from this wonderful oceanfront condo. Corner unit. 2 bedroom/2 bath, open kitchen, hurricane impact windows and doors. Covered parking, okay to rent twice a year/max 6 months. Pool, BBQ, gym, storage and FREE laundry facilities on first floor. New elevators. Great location, nestled between Lauderdale-by-the-Sea and Pompano offering numerous restaurants, shopping. NO LAND LEASE! CO-OP OWNS THE LAND.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$1403
Rental Policy
daily
Yearly Taxes
$7865
Bedrooms
2
Bathrooms
2
SQFT
1,500
Furnished
unknown
Year built
1960
Listing Status
Off Market
MLS
A11520783

Short-term Rental Potential
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$61,488

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$493

Price/SQFT

Long-term Rental Potential
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$52,296

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$4,358/mo

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