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 Monthly
Annual tax
$3,170

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
Flooring
Tile
Appliances
Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Bedroom On Main Level, Family Dining Room, Custom Mirrors, Shower Only, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1971
Stories
5
Lot size
0 sq ft
Roof
Composition, Metal
Construction
CBSConcrete Block Structure, Block, Other
Exterior features
Balcony, Lighting, Outdoor Grill, Tennis Courts
Pool
None, Association, Community
Waterfront
Ocean Access
View
Canal, Garden, Tennis Court

Parking

Covered spaces
0
Parking features
Assigned, Guest

HOA, Community & Financials

Association fee
$962 Monthly
Fee inclusions
Common Area Maintenance, Parking, Pest Control, Pools, Recreation Facilities, Roof, Security, Trash
Amenities
Basketball Court, Boat Dock, Marina, Bike Storage, Business Center, Fitness Center, Barbecue, Picnic Area, Pool, Security, Trash, Vehicle Wash Area, Elevators
Security
Fire Alarm, Smoke Detectors, Security Guard
Pets allowed
No
Annual tax
$3,170
Subdivision
RIVER REACH CONDOMINIUM I
County
Broward
Days on market
194
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

-$775

Cap rate
2.8%
Net yield
2.8%
Cash-on-cash return
-10.2%
Gross yield
9.0%
Mortgage payment
$1,541/mo
Down payment
$81,250
Loan amount
$243,750
Annual NOI
$9,190

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