2020 Terra Mar Drive 205, Pompano Beach, FL 33062 — MLS photo

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2020 Terra Mar Drive 205, Pompano Beach, FL 33062

Active · Condominium

$249,000

2020 Terra Mar Drive 205, Pompano Beach, FL 33062

Beds
1
Baths
1
Living area
600 sq ft
$ / sq ft
$415/sq ft
Year built
1966
Lot size
—
HOA fee
$525 Monthly
Annual tax
$4,198

About this property

Beach condo steps from private beach access offering incredible value! Enjoy beautiful Intracoastal views from your balcony and relax by the refreshing waterfront community pool. Ideally located minutes from Pompano Beach and Lauderdale-by-the-Sea. The building has completed its 40-year restoration and features strong reserves, with a low monthly condo fee of only $525. Offered unfurnished, but can also be sold turnkey. Common laundry and your private storage locker are conveniently located nearby. Recently, Pompano Beach has been recognized by leading real estate publications as one of the nation's top vacation rental destinations. Beach condo steps from private beach access offering incredible value! Enjoy beautiful Intracoastal views from your balcony and relax by the refreshing waterfront community pool. Ideally located minutes from Pompano Beach and Lauderdale-by-the-Sea. The building has completed its 40-year restoration and features strong reserves.

Property location

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2020 Terra Mar Drive 205, Pompano Beach, FL 33062

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
600 sq ft
Flooring
Ceramic Tile
Appliances
Dishwasher, Electric Range, Disposal, Microwave, Refrigerator
Cooling
Central Air, Ceiling Fans
Heating
Central, Heat Strip
Interior features
Built In Features, Entrance Foyer, Living Dining Room, Main Living Area Entry Level
Furnished
Negotiable

Exterior & Structure

Property type
Condominium
Year built
1966
Stories
3
Lot size
0 sq ft
Architectural style
Contemporary Modern, One Story
Roof
Built Up, Flat, Tile
Exterior features
Balcony, Lighting, None, Outdoor Grill, Outdoor Shower
Pool
None, Heated
Waterfront
Ocean Access
View
Intercoastal, Other, Water

Parking

Covered spaces
0
Parking features
Assigned, Guest, One Space

HOA, Community & Financials

Association fee
$525 Monthly
Fee inclusions
Common Area Maintenance, Cable Tv, Insurance, Laundry, Legal Accounting, Parking, Pest Control, Pools, Recreation Facilities, Reserve Fund, Roof, Sewer, Trash, Water
Association
DNS Property Managem
Association contact
954-584-5258
Amenities
Boat Dock, Laundry, Maintenance, Pool, Storage, Trash, Elevators
Pets allowed
No
Annual tax
$4,198
Subdivision
MANOR CLUB CONDO
County
Broward
Days on market
157
MLS listing ID
B26029989
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

-$612

Cap rate
2.7%
Net yield
2.7%
Cash-on-cash return
-10.5%
Gross yield
8.5%
Mortgage payment
$1,180/mo
Down payment
$62,250
Loan amount
$186,750
Annual NOI
$6,821

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