While investing in Florida real estate properties is a wise move, it's not always easy…
Condominium in Pompano Beach Florida is being offered by The Henri Frank Group, South Florida, USA.
written by: Frank Vigliotti, Realtor,
Co-Founder Henri Frank Group, July 20, 2014
A unique three bedroom, two bath condominium is located in east Broward County, east of Federal Highway, also known as Route 1.
Less than one mile to sandy beaches of Pompano Beach, bike, walk or drive to the gorgeous coastline of South Florida.
One of the extraordinary features of this unit, the 3 bedrooms and two baths are split into a two bedroom, one bath with updated kitchen and a one bedroom, one bath with efficiency kitchen. Perfect for guests, mother-in-law suite or an income producing property to help you offset the costs of home ownership. Property taxes are approximately 2% of your purchase. If you qualify for the homestead tax credit here in Florida your property tax would fall to one of the lowest tax brackets in Broward County. This is why, take your purchase price, $99,000 less $50,000 homestead credit and you will pay 2% of $49,000 which is approximately $1,000 per year. $80 per month for property tax makes this condominium even more attractive.
The condo association fee at $300 per month adds up to $380 per month for carrying cost. Master insurance is provided by the Association. However, you will need to purchase insurance for within the four walls of your new home-condo. Depending on the amount of content insurance you purchase will determine the yearly rate. With my experience, I would estimate that to be approximately $900-$1200 per year. Even with the additional $100 per month added to the $380, under $500 for this size property, this is a deal you should seriously consider if your price point is $100,000 or less. These buyer opportunities don’t present themselves often in the South Florida real estate market of 2014.
South Florida Investors this is an opportunity to strongly consider. The location, the configuration and low carrying cost makes this a winning property to add to your portfolio. Yes, you can rent this condominium right away.
If you’d like a private viewing, please contact Dyannah Callista, Realtor in the Henri Frank Group at 954-830-1454. Text, email email@example.com or call Dyannah right away as this property won’t last long. I know that’s a cliche within the real estate world, but this definitely applies to this Pompano Beach condominium.
Although some members of the group have been Realtors since 1999, The Henri Frank Group was formed back in 2006. They have been successfully bringing buyers and sellers together. From Palm Beach Gardens, Jupiter in Palm Beach county to Miami’s famous South Beach and everywhere in between, call, email or text us at 954-604-9999 for questions about Real Estate.