Cays Realty
575 Oaks Lane 703, Pompano Beach, FL 33069 — MLS photo

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575 Oaks Lane 703, Pompano Beach, FL 33069

Active · Condominium

$225,900

575 Oaks Lane 703, Pompano Beach, FL 33069

Beds
2
Baths
2
Living area
1,150 sq ft
$ / sq ft
$196/sq ft
Year built
1974
Lot size
—
HOA fee
$784 Monthly
Annual tax
$4,603

About this property

Enjoy beautiful golf course views and sunsets from the balcony. This spacious and quiet 7th floor condo is beautifully maintained and features newly installed tile floors, hurricane impact windows, hurricane shutters for the sliding door (installed in 2020), and sunshades on the balcony. Recently updated kitchen with washer and dryer in the unit. AC and hot water heater were installed in 2021. Right across the street from The Pomp which includes Top Golf, just minutes to Publix and only a 15-minute drive to beautiful Pompano Beach, with close proximity to I-95, the Turnpike Building is Fannie Mae approved. Roof replaced in 2017. The 50-year milestone has been completed, and there are currently no assessments.

Property location

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575 Oaks Lane 703, Pompano Beach, FL 33069

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,150 sq ft
Flooring
Tile
Appliances
Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
Cooling
Central Air, Ceiling Fans, Electric
Heating
Central, Electric
Interior features
Bedroom On Main Level, Living Dining Room, Main Living Area Entry Level, Tub Shower, Walk In Closets, Elevator
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1974
Stories
10
Lot size
0 sq ft
Roof
Concrete, Tile
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Storm Security Shutters
Pool
None, Association, Community
View
Golf Course, Garden

Parking

Covered spaces
0
Parking features
Assigned, Guest

HOA, Community & Financials

Association fee
$784 Monthly
Fee inclusions
Common Area Maintenance, Insurance, Internet, Parking, Pest Control, Roof, Sewer, Trash, Water
Amenities
Clubhouse, Controlled Access, Barbecue, Picnic Area, Pool, Storage, Elevators
Security
Intercom, Key Card Entry, Phone Entry
Pets allowed
No
Annual tax
$4,603
Subdivision
Palm-Aire
County
Broward
Days on market
188
MLS listing ID
F10552392
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

$52

Cap rate
6.0%
Net yield
6.0%
Cash-on-cash return
1.0%
Gross yield
14.3%
Mortgage payment
$1,071/mo
Down payment
$56,475
Loan amount
$169,425
Annual NOI
$13,471

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