Off-Market Property at 1301 N Riverside Dr, Pompano Beach, FL, 33062

1301 N Riverside Dr, Pompano Beach, FL, 33062

$850,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $414 per day and long-term for an average of $7,900 per month, based on similar listings in the area. Estimated short-term cap rate of -6.5%. Estimated long-term cap rate of -5.3%. Beautifully renovated 3 bedroom 2.5 bath townhome one block from the beach and situated directly on the Intracoastal waterway. New tile floors, modern kitchen, paint and custom touches throughout. The unit has an attached garage and plenty of guest parking. Enjoy a 24/7 boat show from your screened in patio and second floor balcony. Residents can enjoy the resort style pool and hot tub as well as a boat dock for pick-ups and drop-offs. Walk to the beach and restaurants in less than 5 minutes.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$6035
Rental Policy
daily
Yearly Taxes
$13045
Bedrooms
3
Bathrooms
3
SQFT
1,720
Furnished
unknown
Year built
1981
Listing Status
Off Market
MLS
A11550905

Short-term Rental Potential
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$84,768

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$494

Price/SQFT

Long-term Rental Potential
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$94,800

Revenue
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Profit
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Cap rate
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Cash on Cash
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$7,900/mo

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