4010 Galt Ocean Drive 702, Fort Lauderdale, FL 33308 — MLS photo

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4010 Galt Ocean Drive 702, Fort Lauderdale, FL 33308

Active · Condominium

$425,000

4010 Galt Ocean Drive 702, Fort Lauderdale, FL 33308

Beds
2
Baths
2
Living area
1,190 sq ft
$ / sq ft
$357/sq ft
Year built
1965
Lot size
—
HOA fee
$4,234 Quarterly
Annual tax
$8,121

About this property

Enjoy stunning ocean views from this spacious high-rise condo on prestigious Galt Ocean Mile. This well-priced 2BR/2BA unit features high-impact windows & door, a large balcony, & an open living area with beach views. The full kitchen includes all appliances & opens to the living space. In-unit washer and dryer. Includes onsite parking for two vehicles. Relax by one of the nicest pool areas on Galt, with shaded lounges, a heated beachfront pool, and ocean view terrace with BBQ and dining areas. The building offers 24-hour security, key fob entry, a gym, boardroom, library, bike storage, and private storage unit. Solid steel and concrete construction with new roof and sprinkler system. Approved for conventional loans. Walk to restaurants, grocery, and more—beachfront living at great value!

Property location

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4010 Galt Ocean Drive 702, Fort Lauderdale, FL 33308

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,190 sq ft
Flooring
Carpet, Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Dining 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
1965
Stories
17
Architectural style
High Rise
Construction
Block
Exterior features
Balcony, Barbecue, Patio, Security High Impact Doors
Pool
Association, Community
View
Ocean

Parking

Garage spaces
0
Covered spaces
0
Parking features
Open

HOA, Community & Financials

Association fee
$4,234 Quarterly
Fee inclusions
Legal Accounting, Pest Control, Pools, Reserve Fund, Roof, Sewer, Trash, Water
Amenities
Bike Storage, Business Center, Cabana, Clubhouse, Controlled Access, Fitness Center, Library, Barbecue, Picnic Area, Pool, Storage, Trash, Vehicle Wash Area, Elevators
Security
Door Man, Fire Alarm, Key Card Entry, Lobby Secured, Smoke Detectors
Pets allowed
No
Annual tax
$8,121
Subdivision
OCEAN SUMMIT
County
Broward
Days on market
504
MLS listing ID
F10502003
Listing status
Active

Investment intelligence

Yield & ROI calculator

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

Estimated monthly cash flow

-$1,370

Cap rate
1.8%
Net yield
1.8%
Cash-on-cash return
-13.8%
Gross yield
9.3%
Mortgage payment
$2,015/mo
Down payment
$106,250
Loan amount
$318,750
Annual NOI
$7,731

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