Off-Market Condo: 04 at 1116 N Ocean Blvd, Pompano Beach, FL, 33062

1116 N Ocean Blvd, Pompano Beach, FL, 33062

- #904

$2,699,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $401 per day and long-term for an average of $3,975 per month, based on similar listings in the area. Estimated short-term cap rate of -5.3%. Estimated long-term cap rate of -6.3%. Welcome to this captivating and luxury charm 3 bedrooms plus den and 3.5 bathrooms. This exquisite unit offers breathtaking views of the Atlantic Ocean. Enjoy the soothing sound of waves and a lifestyle of unparalleled elegance and tranquility. Step into the expansive living spaces adorned with natural light create an inviting ambiance. Enjoy gourmet kitchen with High-end appliances, sleek countertops, and ample storage make this space perfect for culinary enthusiasts. The unit features a private terrace, providing an ideal setting for entertaining guests or simply enjoying the ocean breeze. Upgrades include 40K CRESTRON Automation Window Shade Package. Unit has a semi private elevator to the private foyer entrance.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$3630
Rental Policy
daily
Yearly Taxes
$2564
Bedrooms
3
Bathrooms
4
SQFT
2,162
Furnished
unknown
Year built
2023
Listing Status
Off Market
MLS
RX-10944154

Short-term Rental Potential
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$76,524

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1248

Price/SQFT

Long-term Rental Potential
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$47,700

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,975/mo

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