Bought with Balistreri Real Estate Inc
$630,000
$685,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
750 SqFt
SOLD DATE : 09/15/2023
Key Details
Sold Price $630,000
Property Type Condo
Sub Type Condo Hotel
Listing Status Sold
Purchase Type For Sale
Square Footage 750 sqft
Price per Sqft $840
Subdivision Ocean Manor Condo
MLS Listing ID RX-10861056
Sold Date 09/15/23
Style 4+ Floors
Bedrooms 1
Full Baths 1
Construction Status Resale
HOA Fees $841/mo
HOA Y/N Yes
Min Days of Lease 1
Leases Per Year 365
Year Built 1960
Annual Tax Amount $5,584
Tax Year 2022
Property Description
Investors seeking a lucrative opportunity should seriously consider this income property, as it generates a cap rate surpassing an impressive 12%. Let me introduce you to this oceanfront condo with spectacular views of the ocean, garden, and pool. Enjoy this property as much or as little as you want. You can rent this condo right away and up-to 356 days a year. This condo includes a heated pool, a locally famous Tikibar and the Casa Calabria Restaurant, Spa/Salon, Lounge, and Coffeeshop. You don't have to leave the building! Maintenance includes: WIFI, Valet Parking, AC Coolant, Cable, and Hot Water. Ocean Manor is conveniently situated near great restaurants and shops between downtown Fort
Location
State FL
County Broward
Community Ocean Manor Condo
Area 3150
Zoning VE
Rooms
Other Rooms None
Master Bath Combo Tub/Shower
Interior
Interior Features Entry Lvl Lvng Area, French Door, Walk-in Closet
Heating Central
Cooling Central, Electric
Flooring Ceramic Tile
Furnishings Furnished,Turnkey
Exterior
Exterior Feature Open Balcony
Garage Assigned
Pool Heated
Community Features Corporate Owned, Sold As-Is
Utilities Available Cable
Amenities Available Cabana, Common Laundry, Elevator, Lobby, Picnic Area, Street Lights
Waterfront Yes
Waterfront Description Ocean Access,Oceanfront
View Garden, Ocean, Pool
Present Use Corporate Owned,Sold As-Is
Exposure East
Private Pool No
Building
Lot Description East of US-1
Story 11.00
Unit Features Interior Hallway
Foundation Block, Concrete
Unit Floor 5
Construction Status Resale
Others
Pets Allowed Yes
HOA Fee Include Cable,Common Areas,Elevator,Hot Water,Laundry Facilities,Lawn Care,Legal/Accounting,Maintenance-Exterior,Manager,Parking,Pest Control,Trash Removal
Senior Community No Hopa
Restrictions Daily Rentals OK,Maximum # Vehicles
Security Features Lobby,TV Camera
Acceptable Financing Cash, Conventional
Membership Fee Required No
Listing Terms Cash, Conventional
Financing Cash,Conventional
Pets Description Size Limit
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