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.
- Swimming Pool
- Heating System
- Cooling System
- View
- Appliances
- Architectural Style
- Association Amenities
- Parking Features
- 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''
- 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
- Virtual Tour:
- Click Here
Residential For Sale
8630 Sw 3rd St 201, Pembroke Pines, Florida 33025, Pembroke Pines, Florida 33025
- Property Type :
- Residential
- Listing Type :
- For Sale
- Price :
- $199,000
- Bedrooms :
- 1
- Bathrooms :
- 2
- Square Footage :
- 805 Sqft
- Year Built :
- 1989
- MLS # :
- A12117103
