Off-Market Condo: -2 at 525 N Ocean Blvd, Pompano Beach, FL, 33062
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525 N Ocean Blvd, Pompano Beach, FL, 33062

- #T-2

$1,190,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $349 per day and long-term for an average of $8,457 per month, based on similar listings in the area. Estimated short-term cap rate of -4.1%. Estimated long-term cap rate of -1.5%. Stunning 2 story condo with 2500 square feet of interior living space just steps away from the newly renovated Pompano Beach. This updated corner unit comes completely furnished, with lots of natural light and ocean views! Enjoy the private gated entrance, patio with grill and private garage access with 3 garage spaces. This unit features an eat in kitchen with high end appliances, full size laundry room, open floor plan with large living room, and spacious bedrooms with balconies. Amenities include pool, tennis court, gym, bocce ball, pickle ball, recreation room and more. 24/7 concierge. Floor to ceiling hurricane impact windows and doors. Easy to show!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$2902
Rental Policy
daily
Yearly Taxes
$8407
Bedrooms
3
Bathrooms
3
SQFT
2,475
Furnished
unknown
Year built
1980
Listing Status
Off Market
MLS
F10403593

Short-term Rental Potential
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$71,004

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$480

Price/SQFT

Long-term Rental Potential
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$101,484

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$8,457/mo

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