340 Sunset Dr 407, Fort Lauderdale, FL 33301 — MLS photo

Active · Condominium

$339,000

340 Sunset Dr 407, Fort Lauderdale, FL 33301

Beds: 1
Baths: 2
Living area: 841 sq ft
$ / sq ft: $403/sq ft
Year built: 1971
Lot size: —
HOA fee: $2,188 Quarterly
Annual tax: $5,009

About this property

Condo is rented until July 2027 so bring all investors! ROI of 5%. EXQUISITELY UPDATED CONDO IN A FINANCIALLY SECURE BLDG IS READY FOR YOU! LOCATED WITHIN SHORT DISTANCE TO FAMOUS LAS OLAS AND THE BEACH, THIS LOCATION JUST CANNOT BE BEAT. CONDO HAS BEEN FULLY RENOVATED TO INCLUDE AN OPEN KITCHEN WITH A GORGEOUS BLACK & WHITE WATERFALL COUNTER, NEW TILES, AND BEAUTIFUL BATHROOMS. BLDG HAS BEEN UPDATED AND BOASTS A MAGNIFICENT NEW GYM,PARTY ROOM,LIBRARY, RESORT STYLE HEATED POOL, PERGOLA WITH BBQ'S AND TVS, EV CHARGING STATIONS,CAR WASH AREA, BIKE ROOM,24 HR MANNED LOBBY AND MORE. UNIT COMES WITH STORAGE UNIT & COVERED PARKING.

Property location

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340 Sunset Dr 407, Fort Lauderdale, FL 33301

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Facts & features

Interior

Bedrooms: 1
Bathrooms: 2
Living area: 841 sq ft
Flooring: Tile
Appliances: Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven
Cooling: Central Air, Ceiling Fans
Heating: Electric
Interior features: Breakfast Bar, Bedroom On Main Level

Exterior & Structure

Property type: Condominium
Year built: 1971
Stories: 18
Architectural style: High Rise
Construction: CBSConcrete Block Structure, Block
Exterior features: Balcony, Security High Impact Doors
Pool: Association, Heated
View: None

Parking

Garage spaces: 1
Covered spaces: 1
Parking features: Attached, Garage, One Space

HOA, Community & Financials

Association fee: $2,188 Quarterly
Fee inclusions: Association Management, Common Areas, Cable Tv, Hot Water, Internet, Laundry, Legal Accounting, Maintenance Grounds, Maintenance Structure, Pest Control, Pools, Recreation Facilities, Reserve Fund, Trash, Water
Amenities: Bike Storage, Fitness Center, Laundry, Library, Pool, Storage, Trash, Vehicle Wash Area, Elevators
Security: Door Man, Elevator Secured, Key Card Entry, Fire Sprinkler System, Smoke Detectors
Pets allowed: Size Limit, Yes
Annual tax: $5,009
Subdivision: ESSEX TOWER CONDO
County: Broward
Days on market: 58
MLS listing ID: A11999400
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.

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Monthly HOA ($)

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Estimated monthly cash flow

-$750

Cap rate: 3.0%
Net yield: 3.0%
Cash-on-cash return: -9.5%
Gross yield: 8.7%
Mortgage payment: $1,607/mo
Down payment: $84,750
Loan amount: $254,250
Annual NOI: $10,287

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