Investment Opportunity with Strong Returns and Strategic Location This is an excellent investment opportunity for buyers seeking immediate cash flow, long-term stability, and low operating costs. The property is a one-bedroom, one-bathroom unit currently rented through June 2026, providing guaranteed income from day one with no vacancy risk. The investment offer cap rate, supported by stable rental income and low HOA fees, allowing for an attractive net return after expenses. The unit is located in a highly desirable area just minutes from Sawgrass Mills Mall, one of the largest and most popular shopping destinations in South Florida, which significantly increases rental demand. The property also offers quick and convenient access to major highways, making commuting to Fort Lauderdale, Miami, and surrounding areas easy. Located directly across from a school and within a well-established neighborhood, the area provides long-term tenant appeal and stability. This property represents a solid, low-maintenance investment with proven income, excellent location, and strong future potential, making it ideal for both seasoned investors and those looking to expand or start their real estate portfolio.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- BedroomOnMainLevel
- FirstFloorEntry
- Flooring: Vinyl
Appliances
- Dryer
- Dishwasher
- Refrigerator
- Washer
Heating and Cooling
- Cooling Features: Electric
Pool and Spa
- Pool Features: Association
Garage and Parking
- Covered Spaces: 1
- Garage Spaces: 1
- Parking Features: Detached, Garage, Guest, Open, OneSpace
Homeowners Association
- Association: Yes
- Association Amenities: Clubhouse, Pool, TennisCourts
- Association Fee: 437
- Association Fee Frequency: Monthly
- Association Fee Includes: AssociationManagement, Pools
- Calculated Total Monthly Association Fees: 437
- Pets Allowed: Conditional, Yes
- Senior Community: No
School Information
- Elementary School: Sawgrass
- High School: Plantation High
- Middle School: Bair
Rental Info
Other Property Info
- Annual Tax Amount: 4547
- Source Listing Status: Active
- County: Broward
- Tax Year: 2025
- Restrictions: CorporateBuyerOk, OkayToLease1stYear
- Source Property Type: Residential
- Area: 3860
- List Development Name: ISLES AT LAGO MAR
- Property Subtype: condo
- MLS Area Minor: Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
- Source Neighborhood: ISLES AT LAGO MAR CONDO
- Parcel Number: 504002AF1160
- Postal City: Sunrise
- Postal Code Plus 4: 1336
- Public Survey Range: 50
- Subdivision: ISLES AT LAGO MAR CONDO
- Property Subtype: Condominium
Building and Construction
- Total Square Feet Living: 743
- Year Built: 1991
- Building Area Total: 743
- Entry Level: 1
- Entry Location: 1
- Property Age: 35
- Property Attached: Yes
- Building Total Stories: 2
- Year Built Details: Resale
Home Features
- Security Features: SecurityGuard