900 River Reach Drive 518, Fort Lauderdale, FL 33315 — MLS photo

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900 River Reach Drive 518, Fort Lauderdale, FL 33315

Active · Condominium

$325,000

900 River Reach Drive 518, Fort Lauderdale, FL 33315

Beds
2
Baths
2
Living area
850 sq ft
$ / sq ft
$382/sq ft
Year built
1971
Lot size
—
HOA fee
$962
Annual tax
—

About this property

COMPLETELY UPDATED 2BD/2BA condo w/ OVERSIZE BALCONY & CITY/CANAL VIEWS!!! Welcome to the NEW & IMPROVED, 22-acre, GATED ISLAND OASIS of RIVER REACH—a boater's paradise w/ 3000' of open access dockage & no fixed bridges! Amenities include GUARDED ENTRY, 24-hour security, HUGE CLUBHOUSE, 3 heated pools, 2 tennis courts, exercise room, bike & kayak storage & AFFORDABLE DOCKAGE up to 50 ft (on availability). Major Exterior Maintenance Project JUST COMPLETED!!! New balcony railings & all common areas updated (inc. pools, clubhouse, gate, landscaping, etc.) NEW KITCHEN, BATHS, IMPACT GLASS, LAMINATE FLOORING, ETC. WASHER & DRYER HOOK UP INSIDE UNIT! Water, basic cable & Internet included in Dues. Pet friendly. Close to Downtown, Las Olas Blvd, airport, shops & restaurants. Don't Miss this one! SHOWING INSTRUCTIONS: PLEASE USE SHOWING TIME FOR SCHEDULING APPOINTMENTS. All assessments paid by Seller. All concrete restoration 40/50 years cert. and reserve requirements have been completed. Leasing after 2 years owned. (2) pets up to 30 lbs. each. Dockage up to 50' at $48/ft/year w/ no fixed bridges (on availability). Storage unit included. Washer/Dryer hook-up already in unit. $2400/HOA paid quarterly. (1) assigned spot & (1) guest spot included. All information believed accurate but not guaranteed. Proof of funds/pre-approval required with all offers.

Property location

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900 River Reach Drive 518, Fort Lauderdale, FL 33315

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
850 sq ft

Exterior & Structure

Property type
Condominium
Year built
1971
Lot size
0 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$962
County
Broward
MLS listing ID
B26014319
Listing status
Active

Investment intelligence

Yield & ROI calculator

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

Estimated monthly cash flow

-$1,025

Cap rate
1.9%
Net yield
1.9%
Cash-on-cash return
-13.5%
Gross yield
9.0%
Mortgage payment
$1,541/mo
Down payment
$81,250
Loan amount
$243,750
Annual NOI
$6,185

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