7085 Nova Drive, Unit 313

$295,000
Price
2
Beds
2
Baths
1,061 Sq. Ft.
$278 / Sq. Ft.
1,061
Sq. Ft.
$278
per Sq. Ft.

Description

Introducing a prime investment opportunity in Davie, FL! This 2-bedroom and 2-bathroom condo unit built in 2003 offers immediate returns for savvy investors. The property's prime location in the Fort Lauderdale area presents an attractive market for potential tenants. With its strong rental history and modern construction, this well-maintained low-rise is poised to deliver consistent returns and long-term value. Don't miss out on this turnkey investment is generating a 4.5% capitalization rate at...Introducing a prime investment opportunity in Davie, FL! This 2-bedroom and 2-bathroom condo unit built in 2003 offers immediate returns for savvy investors. The property's prime location in the Fort Lauderdale area presents an attractive market for potential tenants. With its strong rental history and modern construction, this well-maintained low-rise is poised to deliver consistent returns and long-term value. Don't miss out on this turnkey investment is generating a 4.5% capitalization rate at its current rental rate. Similar units are renting at 16% premium which would turn this investment a 5.7% cap rate.
  1. Listed by Mariano Saal • TIR Prime Properties Corp.

Property Details for 7085 Nova Drive, Unit 313

Subdivision
UNIVERSITY PARC RESIDENCE
Complex Name
University Parc
Style
Condo 1-4 Stories
Waterfront
No
View
Pool Area View
Unit View
Pool Area View
Furnished
Unfurnished
Area
3780
LISTING UPDATED: 10/07/2024 06:39 AM

Property Details for 7085 Nova Drive, Unit 313

StatusActive
MLS #A11580196
Days on Market170
Taxes$4,620 / year
HOA Fees$346 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeCondo/Co-Op/Villa/Townhouse / Condo
Year Built2002
CountyBroward County

Building

UNIVERSITY PARC RESIDENCE

3 StoriesBuilt in 2002

Building Information for 7085 Nova Drive, Unit 313

Building/ComplexUNIVERSITY PARC RESIDENCEFloor3Stories3Residences-Pet Policy-Year Built2002

Property Information for 7085 Nova Drive, Unit 313

Location Information
Location Information
  • Parcel Number Free Text: 504122AE0450
  • Parcel Number MLX: 0450
  • MLS Area: 3780
  • Township Range: 50
  • Section: 22
  • Subdivision Complex Bldg: University Parc
  • Unit Floor Location: 3
  • Total Floors In Building: 3
  • Development Name: University Parc
General Information
Parking
  • Num Garage Spaces: 0
  • Num Carport Spaces: 0
  • Carport Spaces: 0
  • Parking Description: Open Space Parking
General Information
  • Housing Older Persons Act: No HOPA
  • Property Detached: No
  • Minimum Num of Days for Lease: 180
  • Num Times Leased Year: 2
  • Type of Governing Bodies: Condominium
  • Unit Design: Corner Unit, Exterior Cat Walk, Garden Apartment
  • Construction: Concrete Block Construction
  • Construction Type: Concrete Block Construction
  • Flooring: Tile Floors
  • Floor Description: Tile Floors
  • Security Information: No Security
Room Information
Room Information
  • Bedroom Description: Entry Level
Additional Property Information
Utilities
  • Heating Description: Central Heat
  • Cooling Description: Central Cooling
  • Cable Available: Yes
Additional Property Information
  • Pets Allowed: Yes
  • Pets Allowed: Yes
  • Pet Restrictions: Restrictions Or Possible Restrictions
  • Guest Accommodations: No
  • Room Count: 0
  • Furnished: Unfurnished
  • Interior Features: Third Floor Entry, Split Bedroom, Vaulted Ceilings, Walk-In Closets
  • Equipment Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Exterior Features: Screened Balcony
  • Maintenance Includes: Landscaping/Lawn Maintenance
  • Amenities: Pool
Financial Information
Financial Information
  • Type of Association: Condo
  • Assoc Fee Paid Per: Monthly
  • Flood Zone: X
  • Tax Year: 2023
  • Tax Information: Tax Reflects No Exemptions
Rental Information
Rent Information
  • Approval Information: 3-4 Weeks Approval
Rent Status
  • Other Fees: $150

Property History for 7085 Nova Drive, Unit 313

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 7085 Nova Drive, Unit 313

Taxable ValueLand$26,550Additions$238,950Total$265,500
Tax Record2023$4,620 ($385 / month)
Home Facts
Beds2Total Finished SqFt1,061 SqFtAbove Grade Finished SqFt1,061 SqFtStyleCondominiumYear Built2003Year Renovated2004ZoningRAC-RTWCountyBROWARDAPN50-41-22-AE-0450

Schools near 7085 Nova Drive, Unit 313

This home is within Broward.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Tropical Elementary School
PublicPK to 5

Seminole Middle School
Public6 to 8

South Plantation 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

7085 Nova Drive, Unit 313 is a condo for sale in Davie, FL 33317. This property was listed for sale on May 2, 2024 by TIR Prime Properties Corp., it's currently listed at $295,000. It has been on the market for a total of 170 days and was last sold on August 7, 2007. This listing's school district is Broward. Nearby schools include Tropical Elementary School, Seminole Middle School and South Plantation High School. 7085 Nova Drive, Unit 313 is a 2-bed, 2-bath, 1,061 sqft condo built in 2002.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of TIR Prime Properties Corp.

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.