1201 N Riverside Drive 12b, Pompano Beach, FL 33062 — MLS photo

Active · Condominium

$225,000

1201 N Riverside Drive 12b, Pompano Beach, FL 33062

Beds: 1
Baths: 1
Living area: 598 sq ft
$ / sq ft: $376/sq ft
Year built: 1961
Lot size: —
HOA fee: $513 Monthly
Annual tax: $3,893

About this property

Charming boutique building with only 16 units. Enjoy the boats passing by on the Intracoastal every day from the heated community pool and patio. Move right into this renovated 1BR/1BA unit on the second floor. Open kitchen with breakfast bar has new cabinets & quartz countertops. Impact windows. Renovated Bathroom. Just a block to the beach and close to dining, etc. City Park next to the building. Amenities include common laundry, storage room, BBQ area, shuffleboard, drop off/pick up community dock. Maintenance fee including Land Lease is $1,540/quarter. Tray ceiling in kitchen. Sorry no pets and no leasing. By-Laws say owner must be 45 to purchase/live at Twin Waters.

Property location

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1201 N Riverside Drive 12b, Pompano Beach, FL 33062

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Facts & features

Interior

Bedrooms: 1
Bathrooms: 1
Living area: 598 sq ft
Flooring: Tile
Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
Cooling: Ceiling Fans, Wall Window Units
Heating: Electric, Wall Furnace
Interior features: Breakfast Bar, Bedroom On Main Level, Kitchen Island, Living Dining Room, Custom Mirrors, Main Living Area Entry Level, Tub Shower, Pantry
Furnished: Furnished

Exterior & Structure

Property type: Condominium
Year built: 1961
Stories: 2
Architectural style: One Story
Roof: Flat, Tile
Construction: CBSConcrete Block Structure, Block
Exterior features: Barbecue, Lighting, None, Other
Pool: None, Association, Community, Heated
Waterfront: Intracoastal Access
View: Garden, Intercoastal

Parking

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

HOA, Community & Financials

Association fee: $513 Monthly
Fee inclusions: Common Area Maintenance, Insurance, Laundry, Sewer, Trash, Water
Amenities: Bike Storage, Laundry, Barbecue, Picnic Area, Pool, Shuffleboard Court
Pets allowed: No
Annual tax: $3,893
Subdivision: Twin Water
County: Broward
Days on market: 370
MLS listing ID: F10531393
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)

Vacancy (%)

Estimated monthly cash flow

-$510

Cap rate: 3.0%
Net yield: 3.0%
Cash-on-cash return: -9.7%
Gross yield: 9.0%
Mortgage payment: $1,067/mo
Down payment: $56,250
Loan amount: $168,750
Annual NOI: $6,682

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