Introducing a prime investment opportunity in Davie, FL! This 2-bedroom and 2-bathroom condo unit built in 2003 offers immediate returns for savvy investors. The property's prime location in the Fort Lauderdale area presents an attractive market for potential tenants. With its strong rental history and modern construction, this well-maintained low-rise is poised to deliver consistent returns and long-term value. Don't miss out on this turnkey investment is generating a 4.5% capitalization rate at its current rental rate. Similar units are renting at 16% premium which would turn this investment a 5.7% cap rate.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Interior Features
- BedroomOnMainLevel
- SplitBedrooms
- ThirdFloorEntry
- VaultedCeilings
- WalkInClosets
- Flooring: Tile
Appliances
- Dryer
- Dishwasher
- Microwave
- Refrigerator
- SelfCleaningOven
- Washer
Heating and Cooling
- Cooling Features: CentralAir
- Heating Features: Central
- Heating: Yes
Exterior and Lot Features
- Balcony
- Patio And Porch Features: Balcony, Screened
Pool and Spa
- Pool Features: Association
Garage and Parking
- Open Parking: Yes
- Parking Features: Open
Home Features
Homeowners Association
- Association: Yes
- Association Amenities: Pool
- Association Fee: 346
- Association Fee Frequency: Monthly
- Association Fee Includes: MaintenanceGrounds
- Calculated Total Monthly Association Fees: 346
- Pets Allowed: Conditional, Yes
Other Property Info
- Annual Tax Amount: 4620
- Source Listing Status: Active
- County: Broward
- Tax Year: 2023
- Source Property Type: Residential
- Property Subtype: condo
- MLS Area Minor: Davie (3780-3790;3880)
- Source Neighborhood: UNIVERSITY PARC RESIDENCE
- Parcel Number: 504122AE0450
- Postal City: Davie
- Postal Code Plus 4: 8111
- Subdivision: UNIVERSITY PARC RESIDENCE
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1061
- Year Built: 2003
- Building Area Total: 1061
- Construction Materials: Block
- Entry Level: 3
- Entry Location: 3
- Property Age: 21
- Property Attached: Yes
- Building Total Stories: 3
- Year Built Details: Resale
- Architectural Style: GardenApartment
Utilities