Off-Market Condo: 04 at 521 N Riverside Dr, Pompano Beach, FL, 33062

521 N Riverside Dr, Pompano Beach, FL, 33062

- #1004

$629,900

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $3,500 per month, based on comparable local listings. Estimated long-term cap rate of -4.1%. WOW! DIRECT Intracoastal and ocean views that are incredible! 1 block walk to the beach- This is the best of South Florida living! Floor-to-ceiling impact windows in every room allow the morning view of the sunrise from the kitchen & guest bedroom. Close out your day enjoying the boats on the Intracoastal waterway and sunset to the west from large balcony, Panoramic views are so very nice! . This beautiful 2/2 condo features a modern kitchen with granite counters, new stainless steel appliances, newer a/c and nicely maintained, tile floors and much more! Bldg also features fitness room, pool, sauna, extra storage with lobby area scheduled for fresh redesign with a more modern feel. Very conveniently close to the beach and Pompano Pier, dining & entertainment! Best views on market!

Property Information
Monthly Rent
$3,500
Monthly HOA
$1596
Rental Policy
STR Restrictions
Yearly Taxes
$8429
Bedrooms
2
Bathrooms
2
SQFT
1,200
Furnished
unknown
Year built
1973
Listing Status
Off Market
MLS
A11543087

Long-term Rental Potential
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$42,000

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,500/mo

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