Basic Information

  • MLS # A11580196
  • Type Condominiums
  • Status Pending
  • Subdivision/Complex University Parc Residence
  • Year Built 2003
  • Total Sqft 1,061
  • Date Listed 05/02/2024
  • Days on Market 363
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.

Amenities

  • Pool

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool Yes
  • View Pool
  • Construction Type Block
  • Design Description Garden Apartment
  • Parking Description Open
  • Exterior Features Balcony

Interior Features

  • Adjusted Sqft 1,061Sq.Ft
  • Cooling Description Central Air
  • Equipment Appliances Dryer, Dishwasher, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Floor Description Tile
  • Heating Description Central
  • Interior Features Bedroom On Main Level, Split Bedrooms, Third Floor Entry, Vaulted Ceilings, Walk In Closets
  • Sqft 1,061 Sq.Ft

Property Features

  • Address 7085 Nova Dr313
  • Aprox. Lot Size 1,061
  • Architectural Style Garden Apartment
  • Association Fee Frequency Monthly
  • City Davie
  • Construction Materials Block
  • County Broward
  • Furnished Info No
  • Listing Terms Conventional
  • Occupant Type Tenant
  • Parking Features Open
  • Patio And Porch Features Balcony, Screened
  • Pets Allowed Conditional, Yes
  • Pool Features Association
  • Possession Subject To Tenant Rights
  • Postal City Davie
  • Short Sale Regular Sale
  • HOA Fees $346
  • Subdivision Complex University Parc
  • Subdivision Info University Parc Residence
  • Tax Amount $4,620
  • Tax Information U N I V E R S I T Y P A R C R E S I D E N C E S C O N D O U N I T313 P E R C D O B K/ P G:32733/567
  • Tax Year 2023
  • Terms Considered Conventional
  • Type of Property Condominium
  • View Pool

7085 Nova Dr #313

Davie, FL 33317

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: TIR Prime Properties Corp.. tel: 305-944-5900

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