Off-Market Condo: 11 at 531 N Ocean Blvd, Pompano Beach, FL, 33062
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531 N Ocean Blvd, Pompano Beach, FL, 33062

- #511

$460,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $4,000 per month, based on comparable local listings. Estimated long-term cap rate of -2.0%. Experience luxury coastal living in this expansive 1,338 sq ft corner condo, offering breathtaking partial ocean, city, and intracoastal views. Located directly opposite the Pompano fishing pier, this unit is steps away from premier beaches, fine dining, and upscale shopping. The floor-to-ceiling windows bathe the interior in natural light, allowing you to enjoy stunning sunrises daily. This 2/2 features an open kitchen with granite countertops. It has been renovated few years ago but will need final touches to bring to pristine condition. Amenities include 24/7 security, heated pool, tennis courts, gym, sauna, and more. Extra features include ample storage, two garage parking spaces with automatic door opener. A special assessment covered by the sellers.

Property Information
Monthly Rent
$4,000
Monthly HOA
$1350
Rental Policy
STR Restrictions
Yearly Taxes
$11767
Bedrooms
2
Bathrooms
2
SQFT
1,338
Furnished
unknown
Year built
1977
Listing Status
Off Market
MLS
F10434456

Long-term Rental Potential
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$48,000

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$4,000/mo

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