Cays Realty
2500 E Las Olas Boulevard 308, Fort Lauderdale, FL 33301 — MLS photo

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2500 E Las Olas Boulevard 308, Fort Lauderdale, FL 33301

Active · Condominium

$449,000

2500 E Las Olas Boulevard 308, Fort Lauderdale, FL 33301

Beds
3
Baths
3
Living area
1,706 sq ft
$ / sq ft
$263/sq ft
Year built
1969
Lot size
—
HOA fee
$1,937 Monthly
Annual tax
$6,061

About this property

Paradise awaits in this 3-BR spacious condo offering a blend of work, and coastal living on the famed Las Olas Blvd. Rare opportunity for buyers to add personal touches while building instant equity. New kitchen, new floors, and new HVAC, and new impact windows and door!Priced to accommodate updates! 1700 Sq. Ft. layout ideal for work from home office or guests. Easy access to the beach and city convenience. Well maintained, financially sound building with full reserves. Heated pool, covered parking, fitness center and 24 hr concierge. Vibrant neighborhood on the intercostal. A short walk across the bridge to Fort Lauderdale beach, authentic French Bakery, new City marina, and luxury hotels, wine bars, shopping, and restaurants along A1A. Certified emotional support animals allowed!

Property location

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2500 E Las Olas Boulevard 308, Fort Lauderdale, FL 33301

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Facts & features

Interior

Bedrooms
3
Bathrooms
3
Living area
1,706 sq ft
Flooring
Tile
Appliances
Built In Oven, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Self Cleaning Oven
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Bedroom On Main Level, Breakfast Area, Entrance Foyer, Living Dining Room, Main Living Area Entry Level, Tub Shower, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1969
Stories
20
Lot size
0 sq ft
Architectural style
One Story
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Barbecue, Lighting, Storm Security Shutters
Pool
Heated
View
Other, Water

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, Attached, Covered, Garage, Guest, One Space

HOA, Community & Financials

Association fee
$1,937 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Cable Tv, Insurance, Internet, Laundry, Parking, Pest Control, Recreation Facilities, Reserve Fund, Roof, Sewer, Security, Trash, Water
Amenities
Billiard Room, Bike Storage, Clubhouse, Community Kitchen, Fitness Center, Hobby Room, Laundry, Library, Barbecue, Picnic Area, Pool, Shuffleboard Court, Security, Storage, Trash, Vehicle Wash Area, Elevators
Security
Building Security, Door Man, Elevator Secured, Lobby Secured, Security System, Fire Sprinkler System, Smoke Detectors
Pets allowed
No
Annual tax
$6,061
Subdivision
MARINE TOWER
County
Broward
Days on market
553
MLS listing ID
F10497736
Listing status
Active

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Estimated monthly cash flow

-$957

Cap rate
3.1%
Net yield
3.1%
Cash-on-cash return
-9.1%
Gross yield
11.5%
Mortgage payment
$2,128/mo
Down payment
$112,250
Loan amount
$336,750
Annual NOI
$14,057

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