Off-Market Condo: 19 at 259 S Cypress Rd, Pompano Beach, FL, 33060
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259 S Cypress Rd, Pompano Beach, FL, 33060

- #519

$124,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $1,750 per month, based on comparable local listings. Estimated long-term cap rate of 1.0%. Priced below appraisal! Barcelona is pristine community located in very popular East Pompano neighborhood. It is perfectly situated w/close proximity to grocery stores, multiple restaurants, cultural center & arts district. Best part it is under a 2 miles drive to beach. This 1/1 unit is true gem that provides multiple recreational facilities incl. heated pool, clubhouse w/ping pong & pool tables, tennis court, barbecue, laundry facility. Private screened in balcony, with rain shudders creates a perfect spot for coffer or afternoon refreshments. Newer central A/C unit and hot water heater. Pets under 20pounds are ok. No renting 1st year.

Property Information
Monthly Rent
$1,750
Monthly HOA
$752
Rental Policy
STR Restrictions
Yearly Taxes
$2766
Bedrooms
1
Bathrooms
1
SQFT
675
Furnished
unknown
Year built
1974
Listing Status
Off Market
MLS
A11530768

Long-term Rental Potential
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$21,000

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,750/mo

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