Cays Realty
4040 Galt Ocean Drive 805, Fort Lauderdale, FL 33308 — MLS photo

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4040 Galt Ocean Drive 805, Fort Lauderdale, FL 33308

Active · Condominium

$745,000

4040 Galt Ocean Drive 805, Fort Lauderdale, FL 33308

Beds
2
Baths
2
Living area
1,100 sq ft
$ / sq ft
$677/sq ft
Year built
1960
Lot size
—
HOA fee
$1,075 Monthly
Annual tax
$10,358

About this property

RENTAL INCOME PROPERTY. 2BED/2BATH CONDO WITH SUNSET AND INTRACOASTAL VIEWS. UNIT IS A LOCK-OFF: RENT AS 2 BEDROOM OR 1 BEDROOM + HOTEL ROOM. RENOVATED AND REORGANIZED: SEE DIAGRAM IN PHOTOS. IMPACT WINDOWS IN ENTIRE BUILDING. RENT IMMEDIATELY AS OFTEN AS YOU LIKE OR USE AS OFTEN AS YOU WISH. AMENITIES: OCEAN FRONT HEATED POOL NEXT TO TIKIBAR, CASA CALABRIA RESTAURANT, DAY SPA/SALON, COFFEE SHOP AND REAL ESTATE OFFICE. MAINTENANCE INCLUDES: WIFI, TOWELS AND LOUNGE CHAIRS, VALET PARKING, AC COOLANT, CABLE, HOT WATER++. NO MINIMUM TIME RENTAL RESTRICTIONS.

Property location

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4040 Galt Ocean Drive 805, Fort Lauderdale, FL 33308

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,100 sq ft
Flooring
Ceramic Tile, Tile
Appliances
Dishwasher, Electric Range, Disposal, Ice Maker, Microwave
Cooling
Central Air, Electric
Heating
Electric, Heat Strip
Interior features
Bedroom On Main Level, Bathtub, Dual Sinks, First Floor Entry, Living Dining Room, Other, Split Bedrooms, Shower Only, Walk In Closets, Bar
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
1960
Stories
11
Lot size
0 sq ft
Construction
Block
Exterior features
Barbecue
Pool
Association, Community
Waterfront
Ocean Access
View
Intercoastal

Parking

Covered spaces
0
Parking features
One Space, Valet

HOA, Community & Financials

Association fee
$1,075 Monthly
Fee inclusions
Common Area Maintenance, Hot Water, Insurance, Internet, Legal Accounting, Parking, Pest Control
Amenities
Bike Storage, Cabana, Clubhouse, Maintenance, Barbecue, Picnic Area, Pool, Elevators
Security
Closed Circuit Cameras, Fire Alarm, Other, Smoke Detectors
Pets allowed
No
Annual tax
$10,358
Subdivision
OCEAN MANOR CONDO
County
Broward
Days on market
1340
MLS listing ID
F10368125
Listing status
Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$2,278

Cap rate
2.0%
Net yield
2.0%
Cash-on-cash return
-13.1%
Gross yield
6.5%
Mortgage payment
$3,532/mo
Down payment
$186,250
Loan amount
$558,750
Annual NOI
$15,040

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.