7085 Nova Dr #112, 313 ,Income Non-waterfront, Apartments for Sale & Rent

7085 Nova Dr #112 for Sale & Rent

Price $650,000.00

• Lot size 3180
• Year Build 2003
• Waterfront
• Zip 33317
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Introducing a prime investment opportunity in Davie, FL! This condominium unit portfolio, built in 2002, boasts 100% occupancy across its 2 units, ensuring 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 in a thriving rental market. Current Cap rate is 4.37%, Proforma Cap rate at market rents is 5.00%

Showings on weekends only. Offering memorandum available in attachments.

UNIVERSITY PARC RESIDENCES CONDO UNIT 313 PER CDO BK/PG: 32733/567

Introducing a prime investment opportunity in Davie, FL! This condominium unit portfolio, built in 2002, boasts 100% occupancy across its 2 units, ensuring 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 in a thriving rental market. Current Cap rate is 4.37%, Proforma Cap rate at market rents is 5.00%

City:Davie,Zoning:RAC-RTW,Cooling:1:Central Individual A/C,Heating:1:Central Building A/C,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:26.0897959,Cooling Y N:1,Heating Y N:1,Lease Term:1 To 3 Year Lease,List Price:650000,Listing Id:A11578106,Longitude:-80.2418246,Mls Status:Active,Year Built:2003,Inclusions:Leases,Postal Code:33317,Street Name:Nova Dr,Unit Number:112, 313,Coordinates:1:26.0897959,Photos Count:10,Days On Market:52,Lot Size Units:Square Feet,M I A M I R E_ Area:3780,On Market Date:2024-04-29,Parcel Number:504122AE0450,Property Type:Commercial Sale,Stories Total:2,Street Number:7085,Public Remarks:Introducing a prime investment opportunity in Davie, FL! This condominium unit portfolio, built in 2002, boasts 100% occupancy across its 2 units, ensuring 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 in a thriving rental market. Current Cap rate is 4.37%, Proforma Cap rate at market rents is 5.00%,Association Fee:346,County Or Parish:Broward County,List Office Name:TIR Prime Properties Corp.,Private Remarks:Showings on weekends only. Offering memorandum available in attachments.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:8111,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:4620,Unparsed Address:7085 Nova Dr # 313, Davie FL 33317,Listing Agreement:Exclusive Right To Sell,Building Area Total:3180,Building Area Units:Square Feet,Lease Considered Y N:1,M I A M I R E_ For Sale Y N:1,Number Of Buildings:1,Original List Price:975000,Previous List Price:975000,Public Survey Range:50,Documents Available:1:Bylaws And Documents,2:Investment Analysis,3:Owner Managed,4:Photos,5:Rent Rolls,I D X Participation Y N:1,Syndication Remarks:Introducing a prime investment opportunity in Davie, FL! This condominium unit portfolio, built in 2002, boasts 100% occupancy across its 2 units, ensuring 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 in a thriving rental market. Current Cap rate is 4.37%, Proforma Cap rate at market rents is 5.00%,Listing Contract Date:2024-04-29,Originating System I D:miamire,Public Survey Section:22,Street Number Numeric:7085,Tax Legal Description:UNIVERSITY PARC RESIDENCES CONDO UNIT 313 PER CDO BK/PG: 32733/567,Public Survey Township:50,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.5%,M I A M I R E_ Internet Remarks:2 condo units built in 2002 in Davie, modern construction, consistent returns. Current Cap rate: 4.5%, Proforma Cap rate: 5.69%.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-04-29,Internet Address Display Y N:1,Number Of Units In Community:2,M I A M I R E_ Ok To Advertise List:No,Dual Variable Compensation Y N:1,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,