2601 NE 1st Street 17, Pompano Beach, FL 33062 — MLS photo

Active · Condominium

$225,000

2601 NE 1st Street 17, Pompano Beach, FL 33062

Beds: 1
Baths: 1
Living area: 530 sq ft
$ / sq ft: $425/sq ft
Year built: 1960
Lot size: —
HOA fee: $325 Monthly
Annual tax: $3,247

About this property

Boater's Opportunity - Dock Up to 35' with No Fixed Bridges! Charming 1-bedroom, 1-bath condo located east of US-1 and just minutes from the beach. Perfect as a full-time residence, seasonal getaway, or investment opportunity. Bring your personal touches and make it your own while enjoying the best of coastal living. Boaters will love the community dock with space for boats up to 35' and quick ocean access via Hillsboro Inlet. Enjoy nearby restaurants, breweries, shopping, and entertainment, plus free beachfront concerts and parks featuring tennis, pickleball, volleyball, and more. A great location with beachside convenience and boating access.

Property location

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2601 NE 1st Street 17, Pompano Beach, FL 33062

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Facts & features

Interior

Bedrooms: 1
Bathrooms: 1
Living area: 530 sq ft
Flooring: Ceramic Tile
Appliances: Built In Oven, Electric Range, Refrigerator, Self Cleaning Oven
Cooling: Wall Window Units
Heating: None
Interior features: Living Dining Room, Main Living Area Entry Level, Tub Shower, Walk In Closets
Furnished: Unfurnished

Exterior & Structure

Property type: Condominium
Year built: 1960
Stories: 2
Lot size: 0 sq ft
Architectural style: One Story
Roof: Flat, Tile
Construction: Block
Pool: None, Association, Community

Parking

Covered spaces: 0
Parking features: Assigned

HOA, Community & Financials

Association fee: $325 Monthly
Fee inclusions: Insurance, Pools, Sewer, Water
Amenities: Pool
Security: Fenced
Pets allowed: No
Annual tax: $3,247
Subdivision: HARBOR PLACE CONDO
County: Broward
Days on market: 112
MLS listing ID: B26034959
Listing status: Active

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Monthly HOA ($)

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Estimated monthly cash flow

-$378

Cap rate: 3.7%
Net yield: 3.7%
Cash-on-cash return: -7.2%
Gross yield: 8.4%
Mortgage payment: $1,067/mo
Down payment: $56,250
Loan amount: $168,750
Annual NOI: $8,266

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