1985 S Ocean Drive Pha, Hallandale Beach, FL 33009 — MLS photo

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1985 S Ocean Drive Pha, Hallandale Beach, FL 33009

Active · Condominium

$340,000

1985 S Ocean Drive Pha, Hallandale Beach, FL 33009

Beds
1
Baths
2
Living area
870 sq ft
$ / sq ft
$391/sq ft
Year built
1973
Lot size
—
HOA fee
$899
Annual tax
—

About this property

Great investment opportunity with immediate rental income. This nicely updated penthouse condo offers a spacious 1 bed/1.5 bath layout with nearly 900 SF of comfortable living space. The unit is filled with natural light and features tile flooring in the living areas and brand-new carpet in the bedroom, along with gorgeous panoramic views of the Intracoastal and beach from the private balcony. Currently tenant-occupied at $2,200/month (tenant willing to stay), making this an excellent income-producing property. Enjoy resort-style amenities including two swimming pools, tennis courts, basketball court, two fitness centers, sauna and steam rooms, marina, beach service, valet parking, courtesy shuttle, two restaurants, two mini-markets, and 24-hour security.Conveniently located near shopping, dining, expressways, casinos, and major airports. A rare opportunity to own a beautifully updated penthouse in a highly sought-after beachfront community.

Property location

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1985 S Ocean Drive Pha, Hallandale Beach, FL 33009

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Facts & features

Interior

Bedrooms
1
Bathrooms
2
Living area
870 sq ft

Exterior & Structure

Property type
Condominium
Year built
1973
Lot size
0 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$899
County
Broward
MLS listing ID
R11156353
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

-$997

Cap rate
2.2%
Net yield
2.2%
Cash-on-cash return
-12.6%
Gross yield
8.8%
Mortgage payment
$1,612/mo
Down payment
$85,000
Loan amount
$255,000
Annual NOI
$7,383

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