This waterfront property was fully remodeled in 2010 and is currently rented until Aug/2015 to a solid Tenant for $1,150/mo. Maintenance Expenses are $243 and have not gone up in 3 years. Prorrated monthly Property Taxes are approx. $100. That leaves an annual Free Cashflow for this unit of $9,684 or a 7% over invested capital. The De Soto Park Condo is a 5 minute drive from the Beach. This is a great alternative for any investor looking to obtain a solid return over capital. SERIOUS INQUIRIES ONLY!
Full Property Details
Full Property Detailsfor 601 Three Islands Bl #112
Sold For: $135,000
HOA FEE: $243/month
Taxes: $1,483 (2013)
MLS ID: A2014634
Added: 1, 361 day(s) ago
Approvals: Association Approval Required
Interior Features: First Floor Entry
Appliances: Dishwasher, Microwave, Electric Range, Refrigerator
Flooring: Tile Floors
Total Bathrooms: 1
Full Bathrooms: 1
Total Bedrooms: 1
Bedroom Features: At Least 1 Bedroom Ground Level
Shared Amenities: Tennis
Maint. Includes: Landscaping/Lawn Maintenance, Water
Security/Safety: Guard At Site
Exterior Features: Screened Balcony
Parking: 1 Space
County: Broward County
Complex: DE SOTO PARK CONDO
Heating & Cooling
Cooling Type: Central Cooling
Heating Type: Central Heat
Architectural Style: Condo 5+ Stories
Construction: CBS Construction
Square Feet: 800
Year Built: 1976
Association Fee: $243
Assoc Fee Freq.: Monthly
Application Fee: $150
Tax Amount: $1,483
Tax Year: 2013
Terms: All Cash, Cash Only, Conventional, FHA
Disclosures and Reports
Legal Description: DE SOTO PARK CONDO UNIT 112 BLDG 1
601 Three Islands Bl #112, Hallandale Beach, FL 33009 (MLS# A2014634) is a
Condo property that was sold at $135,000 on December 23, 2014.
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Lease with a Right to Purchase
A new affordable option from Home Partners of America. They buy the home, you lease it for 1-5 years with a right to purchase.