2701 NE 1st St 203, Pompano Beach, FL 33062 — MLS photo

Active · Condominium

$290,000

2701 NE 1st St 203, Pompano Beach, FL 33062

Beds: 2
Baths: 1
Living area: 780 sq ft
$ / sq ft: $372/sq ft
Year built: 1967
Lot size: —
HOA fee: $325 Monthly
Annual tax: $3,446

About this property

LOCATION, LOCATION, LOCATION! No car needed! Beautifully maintained 2-bedroom, 1.5-bath waterfront condo located less than half a mile from the beach and just minutes from Atlantic Blvd shops and restaurants. Enjoy a heated saltwater pool and abundant natural light all day thanks to the desirable southern exposure. Boat slips available for rent nearby. Unit can be rented immediately. Pets allowed.

Property location

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2701 NE 1st St 203, Pompano Beach, FL 33062

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Facts & features

Interior

Bedrooms: 2
Bathrooms: 1
Living area: 780 sq ft
Flooring: Carpet, Tile
Appliances: Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator
Cooling: Central Air
Heating: Central
Interior features: Bedroom On Main Level, Second Floor Entry

Exterior & Structure

Property type: Condominium
Year built: 1967
Stories: 2
Construction: CBSConcrete Block Structure, Block
Exterior features: Other
Pool: Association
Waterfront: Canal Front
View: Other

Parking

Garage spaces: 1
Covered spaces: 1
Parking features: Assigned

HOA, Community & Financials

Association fee: $325 Monthly
Fee inclusions: Amenities, Common Areas, Insurance, Laundry, Maintenance Grounds, Pools
Amenities: Laundry, Barbecue, Picnic Area, Pool
Pets allowed: Conditional, Yes
Annual tax: $3,446
Subdivision: SUNNY COURT APTS CONDO
County: Broward
Days on market: 66
MLS listing ID: A11939611
Listing status: Active

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Estimated monthly cash flow

-$174

Cap rate: 5.0%
Net yield: 5.0%
Cash-on-cash return: -2.6%
Gross yield: 9.1%
Mortgage payment: $1,375/mo
Down payment: $72,500
Loan amount: $217,500
Annual NOI: $14,406

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