Coastal Condo Near the
2121 S Ocean Boulevard 804 Lauderdale by the Sea, FL 33062
2121 S Ocean Boulevard 804, Lauderdale by the Sea, FL, 33062
$495,000
For Sale
$495,000
Charming 2-bedroom condo near the beach with modern amenities.
Property Size1,240 SF
Price / SF$399.19
Days on Market682
Property Features for 2121 S Ocean Boulevard 804
General Information
- Standard status
- Active
- Size
- 1,240 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1987
Listing Agency
Compass Florida LLC
(702) 544-1445
Listed by
Camilla Goodwin · License #3375902
(702) 544-1445
Source
Exitrealty
Added: Sep 8, 2024 Updated: Jul 6 at 12:19 pm Checked: Jul 19 at 5:17 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Florida LLC
Investment Insights
Based on property information with market context.
This charming condo features two bedrooms and offers a blend of comfort and coastal living. It is situated within walking distance of the beach. The unit features an open floor plan with a bright living area that flows into the kitchen, which is equipped with stainless steel appliances and granite countertops. Both bedrooms are spacious and feature large windows that allow natural light. The primary suite includes an en-suite bathroom and a walk-in closet. The condo includes a one-car garage for parking and storage. A private balcony provides outdoor space. The property size is 1240 square feet.
Key Highlights
- Short walk to the beach
- Stainless steel appliances and granite countertops
- Enjoy the en‑suite bathroom in primary suite
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.5k | $29.40 |
| − Vacancy | −$1.8k | −$1.47 |
| EGI | $34.6k | $27.93 |
| − OpEx | −$15.6k | −$12.57 |
| NOI | $19.0k | $15.36 |
1,240 SF · lease $29.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$272.1K
$238.1K – $317.5K
NOI $19,048 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$483.6K
$423.2K – $564.2K
NOI $33,852 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cabana Bay Village
Condominium Complex
Beach Townhouse/Condo for Rent ...
Condominium Complex
Perfect Condo for Rent ...
Real Estate Agency
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FAQs
What type of property is this?
Residential income property - Charming 2-bedroom condo near the beach with modern amenities.
Where is this residential income property located?
The property is located at 2121 S Ocean Boulevard 804 Lauderdale by the Sea, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Short walk to the beach; Stainless steel appliances and granite countertops; Enjoy the en‑suite bathroom in primary suite
