Cays Realty
347 N New River Drive 1506, Fort Lauderdale, FL 33301 — MLS photo

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347 N New River Drive 1506, Fort Lauderdale, FL 33301

Active · Condominium

$409,000

347 N New River Drive 1506, Fort Lauderdale, FL 33301

Beds
1
Baths
1
Living area
820 sq ft
$ / sq ft
$499/sq ft
Year built
2004
Lot size
—
HOA fee
$957 Monthly
Annual tax
$7,493

About this property

Amazing Opportunity! This One Bedroom One Bath Condo is located in the Heart of Las Olas at The Watergarden, a Premier High Rise Luxury Condo Building in the Center of It All! Right on the River, Blocks to Fine Dining, Shops and Entertainment! This is the Lifestyle of Ease and Convenience all with Great South Florida Weather! This residence Features Tile Floors in the Living Areas, Stainless Appliances, Floor to Ceiling Glass Throughout, Open Terrace, Two Closets in The Primary with Ensuite Bath. Washer/Dryer in the Unit. Watergarden is a Full Service Building with 24 Hr Front Desk, Valet, Security, Concierge Service, ClubRoom, Heated Lap Pool, Fitness Center with Sauna, Group Fitness Classes, Billiard Room, Theater, Amazon HUB, Computer Lab, Yoga Studio and More! Now is the Time to Own!

Property location

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347 N New River Drive 1506, Fort Lauderdale, FL 33301

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
820 sq ft
Flooring
Carpet, Tile
Appliances
Dryer, Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator, Washer
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Living Dining Room, Other, Walk In Closets, Elevator
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
2004
Stories
32
Lot size
0 sq ft
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony
Pool
Association, Community
Spa
Community
Waterfront
Other, River Front
View
Other, Water

Parking

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

HOA, Community & Financials

Association fee
$957 Monthly
Fee inclusions
Common Area Maintenance, Hot Water, Insurance, Reserve Fund, Sewer, Security, Trash, Water
Amenities
Billiard Room, Bike Storage, Business Center, Clubhouse, Elevators, Fitness Center, Maintenance, Barbecue, Picnic Area, Pool, Spa Hot Tub, Security, Storage
Security
Lobby Secured, Security System, Smoke Detectors, Security Guard
Pets allowed
No
Annual tax
$7,493
Subdivision
Water Garden
County
Broward
Days on market
227
MLS listing ID
F10556710
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

-$1,418

Cap rate
1.5%
Net yield
1.5%
Cash-on-cash return
-14.9%
Gross yield
7.6%
Mortgage payment
$1,939/mo
Down payment
$102,250
Loan amount
$306,750
Annual NOI
$6,251

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