3200 NE 7th Court 205b, Pompano Beach, FL 33062 — MLS photo

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3200 NE 7th Court 205b, Pompano Beach, FL 33062

Active · Condominium

$215,000

3200 NE 7th Court 205b, Pompano Beach, FL 33062

Beds
2
Baths
2
Living area
856 sq ft
$ / sq ft
$251/sq ft
Year built
1964
Lot size
—
HOA fee
$600
Annual tax
—

About this property

Uncover a phenomenal investment opportunity in a highly desirable South Florida community, just steps from the ocean! This residence is a true blank canvas, featuring a spacious 2-bedroom, 1.5-bathroom layout, ready for a complete transformation. The primary suite offers a convenient walk-in closet and an ensuite bathroom. Throughout the home, the living, dining, and kitchen areas are open, maximizing the space and offering a fantastic base for executing your custom vision. The building is part of a fantastic resort-style community, offering an exceptional coastal lifestyle. Residents enjoy a sparkling, full-sized swimming pool surrounded by an attractive brick-paver deck, creating a true tropical oasis for relaxation and sunbathing. The community is beautifully landscaped with palm trees and offers a prime coastal location near high-rise buildings and other amenities. This property is a compelling investment, combining a fantastic location with incredible value-add potential.

Property location

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3200 NE 7th Court 205b, Pompano Beach, FL 33062

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
856 sq ft

Exterior & Structure

Property type
Condominium
Year built
1964
Lot size
0 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$600
County
Broward
MLS listing ID
R11147082
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

-$166

Cap rate
4.8%
Net yield
4.8%
Cash-on-cash return
-3.3%
Gross yield
11.9%
Mortgage payment
$1,019/mo
Down payment
$53,750
Loan amount
$161,250
Annual NOI
$10,236

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