Fort Lauderdale, FL 33308,4040 Galt Ocean DR 504
Fort Lauderdale, FL 33308,4040 Galt Ocean DR 504
Fort Lauderdale, FL 33308,4040 Galt Ocean DR 504
Fort Lauderdale, FL 33308,4040 Galt Ocean DR 504
Fort Lauderdale, FL 33308,4040 Galt Ocean DR 504
Fort Lauderdale, FL 33308,4040 Galt Ocean DR 504
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Listed by Douglas Elliman
Bought with Balistreri Real Estate Inc

$630,000

$685,000

8.0%
Est.Price: ?

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Est. payment /mo

1 Bed

1 Bath

750 SqFt


SOLD DATE : 09/15/2023

Key Details

Sold Price $630,000

Property Type Condo

Sub Type Condo Hotel

Listing Status Sold

Purchase Type For Sale

Square Footage 750 sqft

Price per Sqft $840

Subdivision Ocean Manor Condo

MLS Listing ID RX-10861056

Sold Date 09/15/23

Style 4+ Floors

Bedrooms 1

Full Baths 1

Construction Status Resale

HOA Fees $841/mo

HOA Y/N Yes

Min Days of Lease 1

Leases Per Year 365

Year Built 1960

Annual Tax Amount $5,584

Tax Year 2022

Property Description

Investors seeking a lucrative opportunity should seriously consider this income property, as it generates a cap rate surpassing an impressive 12%. Let me introduce you to this oceanfront condo with spectacular views of the ocean, garden, and pool. Enjoy this property as much or as little as you want. You can rent this condo right away and up-to 356 days a year. This condo includes a heated pool, a locally famous Tikibar and the Casa Calabria Restaurant, Spa/Salon, Lounge, and Coffeeshop. You don't have to leave the building! Maintenance includes: WIFI, Valet Parking, AC Coolant, Cable, and Hot Water. Ocean Manor is conveniently situated near great restaurants and shops between downtown Fort

Location

State FL

County Broward

Community Ocean Manor Condo

Area 3150

Zoning VE

Rooms

Other Rooms None

Master Bath Combo Tub/Shower

Interior

Interior Features Entry Lvl Lvng Area, French Door, Walk-in Closet

Heating Central

Cooling Central, Electric

Flooring Ceramic Tile

Furnishings Furnished,Turnkey

Exterior

Exterior Feature Open Balcony

Parking Features Assigned

Pool Heated

Community Features Corporate Owned, Sold As-Is

Utilities Available Cable

Amenities Available Cabana, Common Laundry, Elevator, Lobby, Picnic Area, Street Lights

Waterfront Description Ocean Access,Oceanfront

View Garden, Ocean, Pool

Present Use Corporate Owned,Sold As-Is

Exposure East

Private Pool No

Building

Lot Description East of US-1

Story 11.00

Unit Features Interior Hallway

Foundation Block, Concrete

Unit Floor 5

Construction Status Resale

Others

Pets Allowed Yes

HOA Fee Include Cable,Common Areas,Elevator,Hot Water,Laundry Facilities,Lawn Care,Legal/Accounting,Maintenance-Exterior,Manager,Parking,Pest Control,Trash Removal

Senior Community No Hopa

Restrictions Daily Rentals OK,Maximum # Vehicles

Security Features Lobby,TV Camera

Acceptable Financing Cash, Conventional

Horse Property No

Membership Fee Required No

Listing Terms Cash, Conventional

Financing Cash,Conventional

Pets Allowed Size Limit

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