Off-Market Property at 615 S Riverside Dr, Pompano Beach, FL, 33062

615 S Riverside Dr, Pompano Beach, FL, 33062

$245,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $155 per day and long-term for an average of $2,500 per month, based on similar listings in the area. Estimated short-term cap rate of 1.2%. Estimated long-term cap rate of 1.1%. JUST REDUCED* BRAND NEW AC!! BEAUTIFUL FURNISHED CONDO WITH BUILDING RIGHT ON THE INTRACOASTAL! This unit will make you feel like you're on vacation whether it's year round or seasonally. Amazing area walking distance to the beach, Beachcomber, Pompano pier, Houston's restaurant & much more! This 1 bedroom is located on the first floor and washer/dryer are inside the condo. Glassed patio area with BBQ that leads access to the pool area. Building comes with pool overlooking the intracoastal, common sitting area by the water and additional lockers for owners. Rentals allowed after 6 months of ownership. Parking spot #2.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$600
Rental Policy
daily
Yearly Taxes
$4454
Bedrooms
1
Bathrooms
1
SQFT
678
Furnished
unknown
Year built
1960
Listing Status
Off Market
MLS
A11521123

Short-term Rental Potential
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$30,360

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$361

Price/SQFT

Long-term Rental Potential
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$30,000

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,500/mo

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