Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,100 sq ft
- Flooring
- Porcelain Tile
- Appliances
- Microwave, Refrigerator
- Cooling
- Central Air
- Heating
- None
- Interior features
- Walk In Closets
Active · Condominium
$745,000
4040 Galt Ocean Dr 605, Fort Lauderdale, FL 33308
- Beds
- 2
- Baths
- 2
- Living area
- 1,100 sq ft
- $ / sq ft
- $677/sq ft
- Year built
- 1960
- Lot size
- —
- HOA fee
- $1,060 Monthly
- Annual tax
- $10,346
About this property
Great investment opportunity. AIRBNB or VRBO welcome! No rental restrictions! Updated and Furnished 2/2 Unit, Can Be Rented As Often As Owner Wishes Per Condo Docs., Hotel Has Tiki Bar, restaurant, Valet Parking, Heated Ocean Front Pool, Hair Salon, Gift Shop, gym, Coffee Shop, Lounge, Corporate Ownership Allowed, This Unit can be used as 2 bedroom unit or 1 bedroom +hotel unit- can be rented as 2 separate units.
Property location
Get Directions4040 Galt Ocean Dr 605, Fort Lauderdale, FL 33308
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1960
- Stories
- 11
- Construction
- CBSConcrete Block Structure, Block
- Exterior features
- None
- Pool
- Association
- View
- None
Parking
- Garage spaces
- 0
- Covered spaces
- 0
- Parking features
- Valet
HOA, Community & Financials
- Association fee
- $1,060 Monthly
- Fee inclusions
- Association Management, Common Areas, Hot Water, Insurance, Internet, Maintenance Grounds, Maintenance Structure, Pest Control, Pools, Roof, Security, Trash, Water
- Amenities
- Pool, Elevators
- Security
- Fire Alarm
- Pets allowed
- Size Limit, Yes
- Annual tax
- $10,346
- Subdivision
- OCEAN MANOR CONDO
- County
- Broward
- Days on market
- 69
- MLS listing ID
- A11935030
- Listing status
- Active
Virtual tour
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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
-$2,262
- Cap rate
- 2.0%
- Net yield
- 2.0%
- Cash-on-cash return
- -13.0%
- Gross yield
- 6.5%
- Mortgage payment
- $3,532/mo
- Down payment
- $186,250
- Loan amount
- $558,750
- Annual NOI
- $15,232
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.