1501 S Ocean Blvd 227, Lauderdale By The Sea, FL 33062 — MLS photo

Active · Condominium

$345,000

1501 S Ocean Blvd 227, Lauderdale By The Sea, FL 33062

Beds: 1
Baths: 2
Living area: 850 sq ft
$ / sq ft: $406/sq ft
Year built: 1973
Lot size: —
HOA fee: $703 Monthly
Annual tax: $4,741

About this property

Turnkey, fully furnished 1BR/1.5BA in Gardens By The Sea. Walk to the private beach access (ask me how). Full impact windows, newer A/C & water heater. Located on a second floor facing Ocean Blvd, overlooks beautiful center garden & pool area. The building is very tranquil and relaxing. The unit is very cozy and has a beautiful enclosed patio area for a morning coffee (pictures). 1 designated parking space and plenty of guests. Located a 3 minute drive from Commercial Blvd or Atlantic Blvd piers with, coffee shops, restaurants, bars & more. Perfect for summer or winter use, while renting out up to 12x per year (only building that allows this). Heated pool, clubhouse with BBQ & laundry facilities. Concrete restoration done in 2024. No assessments. Rent Immediately!

Property location

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1501 S Ocean Blvd 227, Lauderdale By The Sea, FL 33062

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Facts & features

Interior

Bedrooms: 1
Bathrooms: 2
Living area: 850 sq ft
Flooring: Vinyl
Appliances: Dishwasher, Electric Range, Microwave
Cooling: Central Air
Heating: Central
Interior features: Breakfast Bar, Breakfast Area, Bathtub, Second Floor Entry, Living Dining Room, Tub Shower
Furnished: Furnished

Exterior & Structure

Property type: Condominium
Year built: 1973
Stories: 3
Architectural style: Garden Apartment
Construction: CBSConcrete Block Structure, Block
Exterior features: Courtyard, Security High Impact Doors
Pool: Heated
View: Garden, Pool

Parking

Garage spaces: 0
Covered spaces: 0
Parking features: Assigned, Guest, One Space

HOA, Community & Financials

Association fee: $703 Monthly
Fee inclusions: Common Areas, Hot Water, Insurance, Laundry, Maintenance Grounds, Maintenance Structure, Parking, Sewer, Trash, Water
Amenities: Clubhouse, Community Kitchen, Laundry, Barbecue, Other, Picnic Area, Pool, Storage, Elevators
Security: Other
Pets allowed: Size Limit, Yes
Annual tax: $4,741
Subdivision: GARDENS BY THE SEA CONDO
County: Broward
Days on market: 0
MLS listing ID: A11862834
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.

Down payment (%)

Interest rate (%)

Loan term (yrs)

Monthly rent ($)

Monthly HOA ($)

Property taxes ($/yr)

Home insurance ($/yr)

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Estimated monthly cash flow

-$704

Cap rate: 3.2%
Net yield: 3.2%
Cash-on-cash return: -8.7%
Gross yield: 8.6%
Mortgage payment: $1,635/mo
Down payment: $86,250
Loan amount: $258,750
Annual NOI: $11,181

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