1461 S Ocean Boulevard 106, Lauderdale By The Sea, FL 33062 — MLS photo

Active · Condominium

$405,000

1461 S Ocean Boulevard 106, Lauderdale By The Sea, FL 33062

Beds: 2
Baths: 2
Living area: 920 sq ft
$ / sq ft: $440/sq ft
Year built: 1968
Lot size: —
HOA fee: $664 Monthly
Annual tax: $6,779

About this property

PRICE REDUCED BY VERY MOTIVAED SELLER!!.. A BEACH & BOAT LOVERS DREAM LOCATION!.., FEATURING PRIVATE DEEDED BEACH ACCESS, COMMUNITY BOAT DOCK, NO FIXED BRIDGES, 1 CANAL FROM THE INTRACOASTAL WITH 6 BOAT SLIPS! Located in desirable North Leisure Gardens COMPLETELY REMODELED 2-bed, 2-bath, 1st floor, corner unit features EVERYTHING BRAND NEW!, a custom kitchen with quartz countertops, soft-close cabinets, stainless-steel appliances and ALL NEW, ELECTRIC, PLUMBING, HWH AND AC UNIT. Bathrooms boast custom-tiled showers and porcelain finishes, New flooring, impact glass, and walk-in closets throughout. Relax on your patio overlooking lush gardens and the pool. ALL 40 YR AND SIRS CERTIFICATIONS COMPLETE AND ASSESSMENTS PAID. Close to shops, restaurants, and the piers. CALL TODAY easy to view. PARKING SPACE RIGHT OUTSIDE YOUR DOOR!

Property location

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1461 S Ocean Boulevard 106, Lauderdale By The Sea, FL 33062

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Facts & features

Interior

Bedrooms: 2
Bathrooms: 2
Living area: 920 sq ft
Flooring: Ceramic Tile, Vinyl
Appliances: Dishwasher, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Solar Hot Water
Cooling: Central Air, Ceiling Fans
Heating: Central
Interior features: Breakfast Bar, Bedroom On Main Level, Living Dining Room, Main Level Primary, Main Living Area Entry Level, Other, Bar, Walk In Closets
Furnished: Unfurnished

Exterior & Structure

Property type: Condominium
Year built: 1968
Stories: 3
Lot size: 0 sq ft
Architectural style: Garden Apartment, Other, One Story
Roof: Barrel, Tile
Construction: Block
Exterior features: Barbecue, Courtyard, Lighting, Outdoor Shower, Patio
Pool: None, Association, Community, Heated
Waterfront: Canal Access, Canal Front, Intersecting Canal, Ocean Access, Seawall
View: Canal, Garden, Pool, Water

Parking

Covered spaces: 0
Parking features: Assigned, Guest, One Space

HOA, Community & Financials

Association fee: $664 Monthly
Fee inclusions: Common Area Maintenance, Insurance, Laundry, Legal Accounting, Reserve Fund, Sewer, Trash, Water
Amenities: Boat Dock, Clubhouse, Community Kitchen, Fitness Center, Laundry, Pool, Shuffleboard Court, Storage, Vehicle Wash Area, Elevators
Security: Closed Circuit Cameras
Pets allowed: No
Annual tax: $6,779
Subdivision: NORTH LEISURE GARDENS COND
County: Broward
Days on market: 200
MLS listing ID: B26011660
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.

Down payment (%)

Interest rate (%)

Loan term (yrs)

Monthly rent ($)

Monthly HOA ($)

Property taxes ($/yr)

Home insurance ($/yr)

Vacancy (%)

Estimated monthly cash flow

-$892

Cap rate: 3.0%
Net yield: 3.0%
Cash-on-cash return: -9.4%
Gross yield: 8.2%
Mortgage payment: $1,920/mo
Down payment: $101,250
Loan amount: $303,750
Annual NOI: $12,334

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