Introducing a prime investment opportunity in Davie, FL! This 2-bedroom and 2-bathroom condo unit built in 2003 offers immediate returns for savvy investors. The property’s prime location in the Fort Lauderdale area presents an attractive market for potential tenants. With its strong rental history and modern construction, this well-maintained low-rise is poised to deliver consistent returns and long-term value. Don’t miss out on this turnkey investment is generating a 4.5% capitalization rate at its current rental rate. Similar units are renting at 16% premium which would turn this investment a 5.7% cap rate.
Property Details
Price:
$295,000
MLS #:
A11580196
Status:
Pending
Beds:
2
Baths:
2
Address:
7085 Nova Dr # 313
Type:
Condo
Subtype:
Condominium
Subdivision:
UNIVERSITY PARC RESIDENCE,University Parc
Neighborhood:
University Parc Residence
City:
Davie
Listed Date:
May 2, 2024
State:
FL
Finished Sq Ft:
1,061
Total Sq Ft:
1,061
ZIP:
33317
Year Built:
2003
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Schools
Interior
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Self Cleaning Oven, Washer
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Tile
Heating
Central
Exterior
Architectural Style
Corner Unit, Garden Apartment
Exterior Features
Exterior Cat Walk, Screened Balcony
Parking Features
Open
Financial
HOA Fee
$346
HOA Frequency
Monthly
Tax Year
2023
Taxes
$4,620
Map
Community
- Address7085 Nova Dr # 313 Davie FL
- SubdivisionUNIVERSITY PARC RESIDENCE,University Parc
- CityDavie
- CountyBroward County
- Zip Code33317
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7085 Nova Dr # 313
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