740 S Federal Highway 216, Pompano Beach, FL 33062 — MLS photo

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740 S Federal Highway 216, Pompano Beach, FL 33062

Active · Condominium

$380,000

740 S Federal Highway 216, Pompano Beach, FL 33062

Beds
2
Baths
2
Living area
1,025 sq ft
$ / sq ft
$371/sq ft
Year built
1975
Lot size
—
HOA fee
$785
Annual tax
—

About this property

Enjoy direct water views from every room of the pool, marina and ICW/Lake Santa Barbara! Small pets okay. This spacious 2-bedroom, 2-bathroom unit boasts "outdoor living" with a 40-foot screened-in balcony accessible from the living room and both bedrooms. It features all impact windows plus high-end sliding shutters. Inside, you'll find floor-to-ceiling sliders in the living room and bedrooms, extra closet space, and large, porcelain floor tiles throughout the living, kitchen and dining areas. Both bedrooms have Berber carpet. This unit offers one of the building's largest floor plans, the largest covered parking space, and extensive guest parking. Two elevators serve this mid-rise building with secure key fob entry to the lobby and gym. Residents enjoy a large heated/cooled swimming pool This mid-rise building offers two elevators and secure key-fob entry to the lobby and gym. Residents enjoy a large, heated/cooled swimming pool, well-kept grounds, a dock with deeded marina slips, and a BBQ area. The building also features an extensive number of guest parking spaces, a party room with a bar, library, pool table, dance floor, and large-screen TV, a gym, and a bicycle storage room. Seller will entertain owner financing with 50% down.

Property location

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740 S Federal Highway 216, Pompano Beach, FL 33062

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,025 sq ft

Exterior & Structure

Property type
Condominium
Year built
1975
Lot size
0 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$785
County
Broward
MLS listing ID
F10511349
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

-$809

Cap rate
3.1%
Net yield
3.1%
Cash-on-cash return
-9.1%
Gross yield
9.1%
Mortgage payment
$1,801/mo
Down payment
$95,000
Loan amount
$285,000
Annual NOI
$11,912

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