Ocean View Townhomes
3250 Ne 12th Street, #3, Pompano Beach, FL
5.49% return
SP:
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Property Description

Beautiful Ocean Front Townhomes in Pompano Beach.These are each 3 stories with their own private elevator, in unit laundry and a 1 car garage. Located right on A1A facing the ocean, just steps away from the beach. Beautifully updated.Great area, easy relaxed beach living. Surrounded by great restaurants & shops. Each townhouse also available for individual sale.Fast approval process by the HOA.

Property Information

  • Listing statusSold
  • Property typeCondominium
  • Total bedrooms7
  • Total bathrooms8
  • Building size(unknown)
  • Lot size0.1 acres
  • Year built1984
  • CountyBroward County
  • SubdivisionOCEAN VIEW CONDO
  • ConstructionCBS
  • RoofShingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Sale price $1,195,000
  • Estimated rehab 1 $0
  • Total investment $1,195,000
  • Type Proforma
  • Gross income (annually) $104,400
  • Operating expenses (annually) $38,853
  • Net income (annually) $65,547
  • Gross return 8.74%
  • Gross income (monthly) $8,700
  • Operating expenses (monthly) $3,238
  • Net income (monthly) $5,462
  • Net return 5.49%

Property Income & Expenses

  • Income
  • 3250 Ne 12th Street, #3
  • 3 bed / 3 bath $2,900/month $34,800/year
  • 3250 Ne 12th Street, #4
  • 2 bed / 2.5 bath $2,900/month $34,800/year
  • 3250 Ne 12th Street, #5
  • 2 bed / 2.5 bath $2,900/month $34,800/year
  • Total $8,700/month $104,400/year
  • Expenses
  • Property Taxes $1,468/month $17,613/year
  • HOA $1,770/month $21,240/year
  • Total $3,238/month $38,853/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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