Property Description

Income property priced at $199,000, generating $1,850/month in rent ($22,200 gross annually) under a lease through November 2027. That is an 11.2% gross yield and a 6.1% cap rate after HOA dues ($521/month) and current property taxes ($3,869). The unit also suits an owner-occupant buyer. This 1-bed, 2-full-bath lakefront condo offers approx. 805 SF ($247/SF) with a direct water view, in Windmill Lakes, which has a community pool and tennis courts. Daily needs are within a mile: Publix at Pembroke Commons, Broward Meat & Fish, and dining along Pines Blvd including Baoshi Food Hall, Chipotle and Piacere Wood Fired Pizza. Sedano’s, a second Publix and Pembroke Pines City Center are within 2 miles. Rental demand is supported by nearby employment and education: Memorial Hospital Pembroke, Broward College South Campus and the Pembroke Commons/Crossroads Square retail corridor are all within about 2 miles. The location, just south of Pines Blvd, has access to I-75 and Florida’s Turnpike.

Features
Swimming Pool
Heating System
Cooling System
View
Appliances
Architectural Style
Association Amenities
Parking Features
Address Map
State:
FL
County:
Broward
City:
Pembroke Pines
Zipcode:
33025
Street:
8630 Sw 3rd St 201, Pembroke Pines, Florida 33025
Longitude:
W81° 44' 21.6''
Latitude:
N26° 0' 24.3''
MLS Addon
Association Fee:
$521
Association Fee Frequency:
Monthly
Bathrooms Total:
2
Building Area:
805 Sqft
Construction Materials
Cumulative DOM:
1
DOM:
1
Elementary School:
Pembroke Pines
Exterior Features
Flooring
Interior Features
Internet Address Display:
1
Internet Listing Display:
1
Lot Features
Parcel Number:
514116AB0330
Stories Total:
3
Subdivision Name:
WINDMILL LAKES II CONDO
Tax Annual Amount:
$3,869
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Residential For Sale

8630 Sw 3rd St 201, Pembroke Pines, Florida 33025, Pembroke Pines, Florida 33025

1 Bedrooms
2 Bathrooms
805 Sqft
$199,000
MLS # #A12117103
Basic Details
Property Type :
Residential
Listing Type :
For Sale
Price :
$199,000
Bedrooms :
1
Bathrooms :
2
Square Footage :
805 Sqft
Year Built :
1989
MLS # :
A12117103
Agent info
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