Cays Realty
401 SW 4th Avenue 402, Fort Lauderdale, FL 33315 — MLS photo

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401 SW 4th Avenue 402, Fort Lauderdale, FL 33315

Active · Condominium

$489,000

401 SW 4th Avenue 402, Fort Lauderdale, FL 33315

Beds
2
Baths
2
Living area
1,215 sq ft
$ / sq ft
$402/sq ft
Year built
2004
Lot size
—
HOA fee
$1,265 Monthly
Annual tax
$4,591

About this property

SELLER MOTIVATED! Enjoy the Florida lifestyle with unobstructed views of the New River in the heart of Fort Lauderdale. Watch the boats cruise by or step outside and catch the Water Taxi to Las Olas for world-class dining, shopping, and entertainment. This desirable condo features a primary suite with a large bathroom complete with a Jacuzzi tub and separate shower. The versatile den can easily be converted into a second bedroom, making the layout both flexible and functional. Assigned parking located on the same floor as the unit for easy access. Rooftop tennis and pickleball courts. Resort-style amenities, including a heated pool, spa, fitness center, community room. And 24 hour security. Pet-friendly building upgraded within the last two years. Minutes to Las Olas, beach, and airport.

Property location

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401 SW 4th Avenue 402, Fort Lauderdale, FL 33315

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,215 sq ft
Flooring
Carpet, Tile
Appliances
Built In Oven, Dryer, Dishwasher, Disposal, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling
Central Air
Heating
Central
Interior features
Breakfast Bar, Bedroom On Main Level, Bathtub, Main Living Area Entry Level, Other, Walk In Closets, Pantry
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
2004
Stories
16
Lot size
0 sq ft
Architectural style
One Story
Roof
Other
Exterior features
Balcony, Barbecue, Tennis Courts
Pool
None, Association, Community
Spa
Community
Waterfront
River Front
View
Pool, Water

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, Attached, Garage, Guest, One Space, Garage Door Opener

HOA, Community & Financials

Association fee
$1,265 Monthly
Fee inclusions
Sewer, Trash, Water
Association
Campbell
Association contact
954-764-0713
Amenities
Business Center, Clubhouse, Elevators, Fitness Center, Pool, Sauna, Spa Hot Tub, Tennis Courts
Security
Building Security, Door Man, Secured Garage Parking, Lobby Secured
Pets allowed
No
Annual tax
$4,591
Subdivision
ESPLANADE ON THE NEW RIVER
County
Broward
Days on market
223
MLS listing ID
B26000668
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

-$1,072

Cap rate
3.1%
Net yield
3.1%
Cash-on-cash return
-9.4%
Gross yield
8.7%
Mortgage payment
$2,318/mo
Down payment
$122,250
Loan amount
$366,750
Annual NOI
$14,952

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