Cays Realty
1850 S Ocean Boulevard 502, Pompano Beach, FL 33062 — MLS photo

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1850 S Ocean Boulevard 502, Pompano Beach, FL 33062

Active · StockCooperative

$324,487

1850 S Ocean Boulevard 502, Pompano Beach, FL 33062

Beds
2
Baths
2
Living area
1,002 sq ft
$ / sq ft
$324/sq ft
Year built
1965
Lot size
—
HOA fee
$695 Monthly
Annual tax
$5,867

About this property

Live by the sea in this lovely MCM oceanfront gem. This spacious 5th floor home offers DIRECT ocean views & a relaxing respite from the noise out there. Super clean & lovingly maintained, this darling, thoughtfully priced unit awaits your creative ideas & updates or move in & enjoy now. Upgrades: Impact Windows & Doors, Electrical panel upgrade, 2018 AC & 2021 Water Heater. The 50+ year inspections are complete as is the necessary work *almost. Concrete restoration, electrical upgrades, underground garage restoration, heated pool, pool house & pool deck restoration including a beautiful new courtyard garden area with cabanas to enjoy. Garage Parking #31 & LARGE storage closet. Fees include: Internet, Cable, H2o, Laundry, Bldg. Insur., Reserves, Pest Cont., Mgmt., RE Taxes & Land Lease. Please use Seller Completed Addenda and Riders! Please send Proof of Funds ~ NOT a screen shot! Looking forward to working with you!Incomplete offers will not be considered!

Property location

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1850 S Ocean Boulevard 502, Pompano Beach, FL 33062

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,002 sq ft
Flooring
Carpet, Tile
Appliances
Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator
Cooling
Central Air, Ceiling Fans, Electric, Reverse Cycle
Heating
Central, Electric, Heat Pump
Interior features
Bedroom On Main Level, Entrance Foyer, Living Dining Room, Main Living Area Entry Level, Other, Split Bedrooms, Shower Only, Walk In Closets
Furnished
Negotiable

Exterior & Structure

Property type
StockCooperative
Year built
1965
Stories
9
Construction
Block, Stucco
Exterior features
Balcony, Lighting, Security High Impact Doors, Storm Security Shutters
Pool
Association, Community
View
Ocean

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, Attached, Covered, Garage, One Space

HOA, Community & Financials

Association fee
$695 Monthly
Fee inclusions
Insurance, Pest Control, Pools, Reserve Fund, Roof, Sewer, Trash, Water
Amenities
Bike Storage, Barbecue, Picnic Area, Pool, Storage, Trash, Vehicle Wash Area, Elevators
Security
Secured Garage Parking, Intercom, Lobby Secured, Phone Entry, Security System, Smoke Detectors
Pets allowed
No
Annual tax
$5,867
Subdivision
Crane Crest Apts Co-op
County
Broward
Days on market
216
MLS listing ID
F10550250
Listing status
Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$485

Cap rate
3.9%
Net yield
3.9%
Cash-on-cash return
-6.4%
Gross yield
10.0%
Mortgage payment
$1,538/mo
Down payment
$81,122
Loan amount
$243,365
Annual NOI
$12,639

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