3250 Ne 12th Street, #5, Pompano Beach, FL

5.53% return

SP: $395,000

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Property Description

This is a recently updated 2 Bed /2.5 bath plus family room/den. This townhouse includes its own private elevator and 1 car garage.This unit is also a 3 story property including two balconies and in unit laundry. Great area ,easy relaxed beach living.Located right on A1A facing the ocean, just steps away from the beach. Surrounded by great restaurants & shops. Fast approval by HOA.

Property Information

Listing statusSold
Property typeCondominium
Total units1
Total bedrooms2
Total bathrooms2.5
Building size(unknown)
Lot size0.0 acres
Year built1984

CountyBroward County
SubdivisionOCEAN VIEW CONDO
ConstructionCBS
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingCentral
CoolingCentral air

Property Financial Summary

Sale price$395,000
Estimated rehab¹$0
Total investment$395,000

TypeProforma

Gross income (annually)$34,800
Operating expenses (annually)$12,951
Net income (annually)$21,849
Gross return8.81%

Gross income (monthly)$2,900
Operating expenses (monthly)$1,079
Net income (monthly)$1,821
Net return5.53%

Property Income & ExpensesMonthlyAnnual

Income

2 bed / 2.5 bath$2,900/month$34,800/year
Total$2,900/month$34,800/year

Expenses

Property Taxes$489/month$5,871/year
HOA$590/month$7,080/year
Total$1,079/month$12,951/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.