501 E Three Islands Blvd 417, Hallandale Beach, FL 33009 — MLS photo

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501 E Three Islands Blvd 417, Hallandale Beach, FL 33009

Active · Condominium

$189,000

501 E Three Islands Blvd 417, Hallandale Beach, FL 33009

Beds
1
Baths
1
Living area
820 sq ft
$ / sq ft
$230/sq ft
Year built
1974
Lot size
—
HOA fee
$542 Monthly
Annual tax
$4,031

About this property

Beautiful and spacious 1-bedroom, 1-bathroom apartment located on the fourth floor, featuring numerous updates and modern improvements throughout. The unit offers high-quality wood laminate flooring, a fully remodeled bathroom, and a bright, comfortable living space. Excellent investment opportunity with a great tenant already in place paying $1,950 per month. Conveniently located within walking distance to shopping centers, restaurants, supermarkets, and just a 16-minute walk to the beach. Community amenities include a pool, tennis court, cable TV, water, and sewer, all included in the maintenance fee. This is an all-ages community. Association requires a minimum 20% down payment for financed purchases. Don’t miss this opportunity to own a well-maintained property in a highly desirable location.

Property location

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501 E Three Islands Blvd 417, Hallandale Beach, FL 33009

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
820 sq ft
Flooring
Hardwood, Laminate, Wood
Appliances
Dishwasher, Electric Range, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Closet Cabinetry, Living Dining Room, Main Living Area Entry Level, Shower Only
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1974
Stories
5
Architectural style
High Rise
Construction
Block, Stucco
Exterior features
None
Pool
Association, Heated
View
None, Other

Parking

Garage spaces
1
Covered spaces
2
Parking features
Assigned, Detached Carport, Detached, Garage, Open, One Space

HOA, Community & Financials

Association fee
$542 Monthly
Fee inclusions
Common Areas, Hot Water, Parking, Pools, Reserve Fund, Sewer, Trash, Water
Amenities
Clubhouse, Laundry, Pool, Tennis Courts, Elevators
Security
Phone Entry
Pets allowed
Conditional, No
Annual tax
$4,031
Subdivision
DESOTO PARK CONDO
County
Broward
Days on market
351
MLS listing ID
A11885755
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

-$88

Cap rate
5.1%
Net yield
5.1%
Cash-on-cash return
-2.0%
Gross yield
12.7%
Mortgage payment
$896/mo
Down payment
$47,250
Loan amount
$141,750
Annual NOI
$9,699

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