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7085 Nova Dr #211 Davie, FL 33317
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Key Details
Sold Price $305,000
Property Type Townhouse
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,061 sqft
Price per Sqft $287
Subdivision University Parc Residence
MLS Listing ID A11585020
Sold Date 07/30/24
Style Garden Apartment
Bedrooms 2
Full Baths 2
Construction Status Unknown
HOA Fees $346/mo
HOA Y/N Yes
Year Built 2003
Annual Tax Amount $4,620
Tax Year 2023
Contingent No Contingencies
Property Description
Introducing a prime investment opportunity in Davie, FL! This 2-bedroom and 2-bathroom condo unit built in 2003 offers 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 is generating a 4.5% capitalization rate at its current rental rate. Similar units are renting at 16% premium which would turn this investment a 5.7% cap rate.
Location
State FL
County Broward County
Community University Parc Residence
Area 3780
Interior
Interior Features Bedroom on Main Level, Split Bedrooms, Third Floor Entry, Vaulted Ceiling(s), Walk-In Closet(s)
Heating Central
Cooling Central Air
Flooring Tile
Appliance Dishwasher, Microwave, Refrigerator, Self Cleaning Oven, Washer
Exterior
Exterior Feature Balcony
Pool Association
Amenities Available Pool
View Garden
Porch Balcony, Screened
Garage No
Building
Architectural Style Garden Apartment
Structure Type Block
Construction Status Unknown
Others
Pets Allowed Conditional, Yes
HOA Fee Include Maintenance Grounds
Senior Community No
Tax ID 504122AE0270
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
Pets Allowed Conditional, Yes
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Bought with E PRO Realty