7085 NOVA DR APT 211
DAVIE, FL 33317

$345,000

2 Beds

2 Baths

1,061 Sq Ft

Status Active

MLS# A11585020

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.

Details for 7085 NOVA DR APT 211

Built in 2003

$325 / Sq Ft

0 parking spaces

$346 monthly HOA Fee

Central Air

Central

10 Days on website

Interior

Appliances

Dishwasher, Microwave, Refrigerator, Self Cleaning Oven, Washer

Bathrooms Full

Bathrooms Total

Bedrooms Total

Flooring

Tile

Interior Features

Bedroom On Main Level, Split Bedrooms, Third Floor Entry, Vaulted Ceiling(s), Walk-in Closet(s)

Living Area

1,061 SqFt.

Hoa Features

Association Amenities

Pool

Association Fee

346

Association Fee Frequency

Monthly

Association Fee Includes

Maintenance Grounds

Building And Construction

Property Sub Type

Townhouse

Property Type

Residential

Year Built

2003

Exterior And Lot

Exterior Features

Balcony

Lot Size Units

Square Feet

Parking Features

Open

Utilities

Cooling

Central Air

Heating

Central

Area And Schools

City

Davie

County Or Parish

Broward County

Subdivision Name

University Parc Residence

Financial Info

Buyer Agency Compensation^*

2.5%

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$4,620.00

Tax Year

2023