Cays Realty
2550 SW 18th Terrace 2005, Fort Lauderdale, FL 33315 — MLS photo

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2550 SW 18th Terrace 2005, Fort Lauderdale, FL 33315

Active · Condominium

$220,000

2550 SW 18th Terrace 2005, Fort Lauderdale, FL 33315

Beds
1
Baths
1
Living area
632 sq ft
$ / sq ft
$348/sq ft
Year built
1988
Lot size
—
HOA fee
$380 Monthly
Annual tax
$3,624

About this property

Investment opportunity at Marina Oaks Condo in Fort Lauderdale! Five tenant-occupied units available, ranging from 1BR/1BA to 2BR/2BA, all providing immediate rental income. Purchase individually, multiple units, or the entire portfolio! Conveniently located near Fort Lauderdale-Hollywood International Airport, universities, shopping, dining, major highways, and South Florida beaches. Community amenities include a swimming pool and open parking. Ideal for investors seeking income-producing properties with long-term potential. All units are tenant-occupied. Do not disturb tenants. Showings will be coordinated only after successful negotiations.

Property location

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2550 SW 18th Terrace 2005, Fort Lauderdale, FL 33315

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
632 sq ft
Flooring
Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Cooling
Central Air, Ceiling Fans
Heating
Central
Interior features
Breakfast Bar, Built In Features, First Floor Entry, Kitchen Island, Living Dining Room, Main Living Area Entry Level, Tub Shower
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1988
Stories
2
Lot size
0 sq ft
Architectural style
One Story
Roof
Composition, Shingle
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Lighting
Pool
None, Association, Community
View
Garden

Parking

Covered spaces
0
Parking features
Open, One Space

HOA, Community & Financials

Association fee
$380 Monthly
Fee inclusions
Common Area Maintenance, Pools, Recreation Facilities
Amenities
Clubhouse, Fitness Center, Maintenance, Pool, Tennis Courts
Pets allowed
No
Annual tax
$3,624
Subdivision
MARINA OAKS CONDO
County
Broward
Days on market
147
MLS listing ID
B26033585
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.

Estimated monthly cash flow

-$285

Cap rate
4.1%
Net yield
4.1%
Cash-on-cash return
-5.5%
Gross yield
9.5%
Mortgage payment
$1,043/mo
Down payment
$55,000
Loan amount
$165,000
Annual NOI
$9,100

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