Off-Market Condo: 4 at 1021 NE 24th Ave, Pompano Beach, FL, 33062

1021 NE 24th Ave, Pompano Beach, FL, 33062

- #4

$222,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $223 per day and long-term for an average of $2,382 per month, based on similar listings in the area. Estimated short-term cap rate of 11.7%. Estimated long-term cap rate of 3.5%. Discover the ultimate blend of convenience, safety, and luxury in this beautifully renovated condo, perfectly situated just east of Federal Highway Enjoy a tranquil lifestyle with easy access to: - Pompano Park - Pompano Beach - Pompano Pier - Whole Foods - LA Fitness - Restaurants - I-95 (just 10 minutes away) - Fort Lauderdale Airport (only 25 minutes away) This cozy 2 bedroom, 1 bath condo offers: - 740 square feet of living space - Newly renovated elevator - Brand-new washer and dryers with WiFi - Fresh concrete restoration, sealing, and painting - Impact windows and doors for added safety and energy efficiency - Sparkling pool, perfect for relaxation Benefits: - Very low HOA fees (self-managed) - No rental restrictions - Cash or DSCR Loans accepted

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$320
Rental Policy
daily
Yearly Taxes
$2725
Bedrooms
2
Bathrooms
1
SQFT
763
Furnished
unknown
Year built
1968
Listing Status
Off Market
MLS
F10418916

Short-term Rental Potential
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$46,656

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$290

Price/SQFT

Long-term Rental Potential
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$28,584

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,382/mo

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