3250 Ne 12th Street, #5, Pompano Beach, FL
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5.53% return
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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 statusActive
  • Property typeCondominium
  • Total bedrooms2
  • Total bathrooms2.5
  • Building size(unknown)
  • Lot size0.0 acres
  • Year built1984
  • CountyBroward County
  • SubdivisionOCEAN VIEW CONDO
  • ConstructionCBS
  • RoofShingle
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Asking price $395,000
  • Estimated rehab 1 $0
  • Total investment $395,000
  • Type Proforma
  • Gross income (annually) $34,800
  • Operating expenses (annually) $12,951
  • Net income (annually) $21,849
  • Gross return 8.81%
  • Gross income (monthly) $2,900
  • Operating expenses (monthly) $1,079
  • Net income (monthly) $1,821
  • Net return 5.53%

Property Income & Expenses

  • 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.

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