4520 El Mar Dr 12, Lauderdale By The Sea, FL 33308 — MLS photo

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4520 El Mar Dr 12, Lauderdale By The Sea, FL 33308

Active · Condominium

$479,000

4520 El Mar Dr 12, Lauderdale By The Sea, FL 33308

Beds
1
Baths
1
Living area
641 sq ft
$ / sq ft
$747/sq ft
Year built
1957
Lot size
—
HOA fee
$1,447
Annual tax
—

About this property

One of A Kind Rare oceanfront Condo in the Boutique Southern Seas 2 story building In Lauderdale-by-the-Sea. Just park and walk into your ground floor unit and walk out to the ocean. Spacious bedroom, open floor plan with/ large kitchen, dining and breakfast area, neutral tile throughout, impact sliding doors open directly to your private patio overlooking the ocean and pool. One of the rare condos that allow daily, weekly, monthly rentals 365 days/yr, perfect for your AIRBNB business, do it yourself or hire management company, or have a 2nd home that makes you money. A/C 2019, Fully Furnished, Turnkey. 3 min walk to the Pier, shopping, restaurants and entertainment. Easy to show. Similar unit #18 just closed $530,000. Building has passed the certifications. Bring your cash or financed offers, or owner will finance for you for a year if you need to sell your other place, or have a situation.

Property location

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4520 El Mar Dr 12, Lauderdale By The Sea, FL 33308

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
641 sq ft

Exterior & Structure

Property type
Condominium
Year built
1957

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$1,447
County
Broward
MLS listing ID
A11943433
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

-$2,532

Cap rate
-0.7%
Net yield
-0.7%
Cash-on-cash return
-22.7%
Gross yield
6.2%
Mortgage payment
$2,271/mo
Down payment
$119,750
Loan amount
$359,250
Annual NOI
-$3,131

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