University Parc Residence 2 bedroom Townhouse For Sale
7085 Nova Dr, Unit 211, Davie, FL 33317

$305,000
Sold
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:A11585020
  • Virtual Tour: YES
  • Unit Number:211
  • List Price: $345,000
  • Sold Price: $305,000
  • Living Area: 1061 Ft² / 99 M²
  • Price Per Foot/Meter: $287 / $3,094
  • Bedrooms:2
  • Full Baths:2
  • Maintenance:$346
  • Taxes:$4,620
  • Year Built:2003
  • Listing Date:May 9, 2024
  • Sold Date: July 30, 2024
  • Days On Market:81

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.

Features


  • Floor:Tile
  • Interior Feature:BedroomonMainLevel, SplitBedrooms, ThirdFloorEntry, VaultedCeilings, WalkInClosets
  • Exterior Feature:Balcony

Location


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Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker