7085 Nova Dr #313 Active Save Request In-Person Tour Request Virtual Tour
Davie,FL 33317
Key Details
Property Type Co-op
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,061 sqft
Price per Sqft $278
Subdivision University Parc Residence
MLS Listing ID A11580196
Style Garden Apartment
Bedrooms 2
Full Baths 2
HOA Fees $346/mo
Year Built 2003
Annual Tax Amount $4,620
Tax Year 2023
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
Community University Parc Residence
Area 3780
Interior
Heating Central
Cooling Central Air
Flooring Tile
Exterior
Exterior Feature Balcony
Pool Association
Utilities Available Cable Available
Amenities Available Pool
Waterfront No
View Pool
Building
Structure Type Block
Others
Acceptable Financing Conventional
Listing Terms Conventional
Pets Description Conditional,Yes