4040 Galt Ocean Drive, Unit 427

Fort Lauderdale, FL 33308

$220,000
Last Sold Price
1
Beds
1
Bath
310 Sq. Ft.
$710 / Sq. Ft.
310
Sq. Ft.
$710
per Sq. Ft.

Description

Investors welcome! Don't miss the opportunity to own a turn-key, fully furnished, income-producing studio condo with an amazing view and private beach access in a high-demand, expanding Fort Lauderdale area. Ready to rent out immediately without major restrictions (privately or through the hotel), this property typically earns an approximate gross revenue of $32,000 at around 65% occupancy (higher income may be possible with increased occupancy). Low HOA and property taxes also allow for a dream...Investors welcome! Don't miss the opportunity to own a turn-key, fully furnished, income-producing studio condo with an amazing view and private beach access in a high-demand, expanding Fort Lauderdale area. Ready to rent out immediately without major restrictions (privately or through the hotel), this property typically earns an approximate gross revenue of $32,000 at around 65% occupancy (higher income may be possible with increased occupancy). Low HOA and property taxes also allow for a dream Florida lifestyle by the ocean and near shopping plazas and entertainment centers, in case you'd like to occupy the unit yourself! Won't last, contact the Listing Agent now!
  1. Listed by Vitaliy Nikolaenko • Coldwell Banker Realty /Delray Beach

Property Details for 4040 Galt Ocean Drive, Unit 427

Subdivision
OCEAN MANOR CONDO
Design
4+ Floors
Waterfront
Yes
Waterfront Details
Ocean Access, Ocean Front
View
Ocean
Furnished
Furnished, Turnkey
Style
Condo 5+ Stories, WF/Ocean Access

Location

Listing Courtesy of Coldwell Banker Realty /Delray Beach

Sold By Douglas Elliman

Add your commute
LISTING UPDATED: 09/05/2023 02:03 PM

Property Details for 4040 Galt Ocean Drive, Unit 427

StatusClosed
MLS #RX-10767703
Days on Market3
Taxes$3,084 / year
HOA Fees$389 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeCondo/Co-Op/Villa/Townhouse / Condo/Coop
Year Built1960
CountyBroward County

Building

OCEAN MANOR

11 StoriesBuilt in 1960

Location

Listing Courtesy of Coldwell Banker Realty /Delray Beach

Sold By Douglas Elliman

Add your commute

Building Information for 4040 Galt Ocean Drive, Unit 427

Building/ComplexOCEAN MANORFloor4Stories11Residences-Pet Policy-Year Built1960

Payment Calculator

$1,847 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,201

Property Taxes

$257

HOA Dues

$389

The Payment Calculator is for illustrative purposes only.

Property Information for 4040 Galt Ocean Drive, Unit 427

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: Take Exit 32 on I-95 and turn onto Commercial Blvd going East. Turn right onto Hwy A1A. Go straight into N Ocean Dr. Turn left on NE 41st St and right onto Galt Ocean Dr. Building will be to the left.
  • Geo Area: Ft Lauderdale Beach (3130-3170)
  • Special Info: Sold As-Is
  • Street Number: 4040
  • Subdivision Complex Bldg: OCEAN MANOR CONDO
  • Municipal Code: Fort Lauderdale
  • State: FL
  • City Postal ID: 33308
  • MLS Area: 3150
  • MLS Sub Area: FBEA
Parking
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Parking: Assigned Parking, Vehicle Restrictions
  • Num Parking Spaces: 1
  • Covered Spaces: 0
Taxes and HOA Information
  • Comm/Trans Brk: 2.5%
  • Governing Bodies: Condo
  • HOPA: No Hopa
  • Association Deposit: No
  • Tax Year: 2021
  • Application Fee: $100.00
  • Maintenance Fee Incl: Cable, Common Areas, Electric, Elevator, Hot Water, Insurance-Other, Laundry Facilities, Parking, Pool Service
  • HOA Dues: $389
  • Type of Governing Bodies: Condo
Property
Lot Information
  • Area: 3150
  • Front Exp: East
  • HOA Amenities: Mandatory
  • Parcel ID: 494319ch0950
  • Property Group ID: 19990816212109142258000000
  • REO: No
  • Special Assessment: No
  • Sq Ft Total: 310
  • Square Ft Source: Tax Rolls
  • Ttl Units in Complex: 192
  • Zoning: R
  • Front Exposure: East
Property and Assessments
  • Legal Desc: OCEAN MANOR CONDO UNIT 427 PER CDO BK/PG: 9749/39
  • Unit Floor #: 4
  • Unit Desc: Interior Hallway
  • Sq Ft Liv Area: 310.0
  • Legal Description: OCEAN MANOR CONDO UNIT 427 PER CDO BK/PG: 9749/39
Utilities
  • Utilities: Cable
Interior and Exterior Features
Exterior Features
  • Construction: Concrete Block Construction, Concrete Block With Brick, Cbs Construction
  • Equip/Appl Included: Fire Alarm, Microwave, Refrigerator
  • Private Pool: No
  • Security: Doorman, Lobby
  • Storm Protection: Impact Glass: Complete
  • Subdiv Amenities: Elevator, Pool
  • Gated Community YN: No
Interior Features
  • W/D Allowed: No
  • Cooling: Ceiling Fan, Central
  • Flooring: Ceramic Tile, Concrete, Other
  • Heating: No Heat
  • Interior Features: Elevator
  • Window Treatments: Impact Glass
  • Dining Area: Snack Bar
  • Main Level Bedrooms: 1
  • Main Level Bathrooms: 1
  • Guest Accommodations: No
  • Master Bath Features: Combo Tub/Shower
  • Master Bathroom Description: Combo Tub/Shower
  • Baths Total: 1
Master Bedroom
  • Primary Bedroom/Bath: Combo Tub/Shower
Multi Family
Multi-Family Information
  • Stories: 11.0
Agent
Agent Only
  • Selling Agent Full Name: Patrizia Infante
  • Selling Office Branch ID: SEFDEOM11
Rental
Rental Information
  • Pet Restrictions: Size Limit
  • Pets on Premises: No
  • Other Fees: $100
  • Minimum Num of Days for Lease: 1
  • Pets Allowed: Yes
  • Lease Times per Year: 365

Property History for 4040 Galt Ocean Drive, Unit 427

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4040 Galt Ocean Drive, Unit 427

Taxable ValueLand$23,170Additions$208,550Total$231,720
Tax Record2023$4,738 ($395 / month)
Home Facts
Beds1Total Finished SqFt310 SqFtAbove Grade Finished SqFt310 SqFtStyleCondominiumYear Built1959Year Renovated1982ZoningRMH-60CountyBROWARDAPN49-43-19-CH-0950

Schools near 4040 Galt Ocean Drive, Unit 427

This home is within Broward.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Bayview Elementary School
PublicK to 5

Sunrise Middle School
Public6 to 8

Fort Lauderdale High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Coldwell Banker Realty /Delray Beach

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.