Excellent investment opportunity with a stable current rental income of $1,950/month. This condo offers low carrying costs for the area, is located in favorable flood zone X, and delivers strong rental demand with consistent long-term occupancy. Based on current market conditions and rental performance, the property projects an approximate net return in the 7-8% range. Well-maintained community with an affordable association structure. Immediate leasing allowed, making this a turn-key option for both local and international investors seeking predictable cash flow in a high-growth Florida market. Seller motivate to sell!
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Interior Features
- BedroomOnMainLevel
- FirstFloorEntry
- Flooring: CeramicTile
Appliances
Heating and Cooling
- Cooling Features: CentralAir
- Heating Features: Central
- Heating: Yes
Pool and Spa
- Pool Features: Association
Garage and Parking
- Parking Features: Detached, Garage, TwoOrMoreSpaces
Home Features
Homeowners Association
- Association: Yes
- Association Amenities: Pool, Trash
- Association Fee: 387
- Association Fee Frequency: Monthly
- Association Fee Includes: Amenities
- Calculated Total Monthly Association Fees: 387
- Pets Allowed: Conditional
- Senior Community: No
School Information
- Elementary School: Bayshore
- High School: Boca Raton Community
- Middle School: Carver; G.W.
Rental Info
Other Property Info
- Annual Tax Amount: 2941
- Source Listing Status: Active Under Contract
- County: Broward
- Directions: From Fort Lauderdale Take I-95 North toward Pompano Beach Exit at Atlantic Blvd (Exit 36) and turn left (west) Continue for about 2 miles Turn right on NW 69th Ave, then left on Cypress Rd Turn right on Gardens Dr - the building will be on your left
- Tax Year: 2025
- Restrictions: LimitedNumberVehicles, OkToLease
- Ownership: Sole Proprietor
- Source Property Type: Residential
- Area: 3531
- Property Subtype: condo
- MLS Area Minor: N Broward Dixie Hwy To Turnpike (3411-3432;3531)
- Source Neighborhood: GARDENS NORTH ONE CONDO
- Parcel Number: 494206BA0390
- Postal City: Pompano Beach
- Postal Code Plus 4: 0939
- Public Survey Range: 49
- Public Survey Section: 2
- Subdivision: GARDENS NORTH ONE CONDO
- Property Subtype: Condominium
Building and Construction
- Total Square Feet Living: 830
- Year Built: 1983
- Building Area Total: 830
- Construction Materials: Block
- Direction Faces: East
- Entry Level: 2
- Entry Location: 2
- Living Area Source: Owner
- Property Age: 42
- Property Attached: Yes
- Building Total Stories: 1
- Year Built Details: Effective Year Built
Utilities
