Apartments Orchid Tree Condo Four

$ 165,000
  • 1 bed
  • 1 bath
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Details
    • Listed on:
      June 22, 2025
    • Days on Market:
      -
    • Maintenance:
      n/a
    • Taxes:
      $ 2,623 per year
    • Year:
      1974
    • Furniture:
      Unfurnished
    • Floor Description:
      Ceramic Floor, Tile
    • Terms Considered:
      Cash, Conventional
    • View from Apartment:
      None
    • Parking:
      -
  • Interior Features:
    • First Floor Entry
  • Exterior Features:
    • None
    • Screened Balcony
  • Legal Description:
    200 east palmetto park condo unit ph -1
Description
Investor Special! Turnkey 1/1 unit in Davie, rented through 03/20/2026 at $1,800/month. Generates $21,600/year in gross rental income with low expenses: $510/month HOA and $2,623/year in property taxes. Estimated net income: $12,857/year with an approximate 7.8% cap rate. Updated kitchen with stainless steel appliances, modern vinyl flooring, and renovated bathrooms. Quiet community with pool, green areas, and private club access. Located in a top-rated A school zone, ideal for attracting high-quality tenants. Minutes from NSU, BCC, shopping, dining, and major highways. Immediate rental income + strong ROI!
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