$305,000
$345,000
11.6%For more information regarding the value of a property, please contact us for a free consultation.
7085 Nova Dr #211 Davie, FL 33317
2 Beds
2 Baths
1,061 SqFt
Key Details
Sold Price $305,000
Property Type Townhouse
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,061 sqft
Price per Sqft $287
Subdivision University Parc Residence
MLS Listing ID A11585020
Style Garden Apartment
Bedrooms 2
Full Baths 2
HOA Fees $346/mo
Year Built 2003
Annual Tax Amount $4,620
Tax Year 2023
Property Description
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.
Location
State FL
County Broward County
Community University Parc Residence
Area 3780
Interior
Heating Central
Cooling Central Air
Flooring Tile
Exterior
Exterior Feature Balcony
Pool Association
Amenities Available Pool
Waterfront No
View Garden
Building
Structure Type Block
Others
Acceptable Financing Conventional
Listing Terms Conventional
Pets Description Conditional, Yes
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Bought with E PRO Realty