Rented Condo with Renovated
235 Lakeview Drive Unit 104 Fort Lauderdale, FL 33326
For Sale
$329,000
Condo for sale with new flooring and renovated bathrooms, currently rented.
Property Size1,220 SF
Price / SF$269.67
Days on Market169
Property Features for 235 Lakeview Drive Unit 104
General Information
- Standard status
- Active
- Size
- 1,220 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1979
Listing Agency:
For sale by owner, please contact
Listed By:
Fizber
Source:
Compass
Added: Feb 4
Changed: Jul 21
Last Checked: Jul 23 at 8:29AM
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 For sale by owner, please contact
Investment Insights
Based on property information with market context.
Condo for sale featuring new flooring and renovated bathrooms. The unit is currently rented, offering continuity of income for an investor and convenient occupancy.
Located at 235 Lakeview Drive, Unit 104, Fort Lauderdale, FL 33326, this condo provides a straightforward residential-income setup in a condo format. The property size is listed at 1,220 square feet.
As presented, the condo’s key updates include freshly installed flooring and bathroom renovations, making it a turn-key option for a buyer seeking a currently rented residence.
Located at 235 Lakeview Drive, Unit 104, Fort Lauderdale, FL 33326, this condo provides a straightforward residential-income setup in a condo format. The property size is listed at 1,220 square feet.
As presented, the condo’s key updates include freshly installed flooring and bathroom renovations, making it a turn-key option for a buyer seeking a currently rented residence.
Key Highlights
- Condo with 2 bedrooms, built in 1979
- New flooring throughout
- Bathrooms renovated
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 | $35.1k | $28.80 |
| − Vacancy | −$1.8k | −$1.50 |
| EGI | $33.3k | $27.30 |
| − OpEx | −$15.0k | −$12.29 |
| NOI | $18.3k | $15.02 |
1,220 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$261.7K
$229.0K – $305.3K
NOI $18,320 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$819.8K
$717.4K – $956.5K
NOI $57,389 @ 7.0% cap · market cap 17.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Condo for sale with new flooring and renovated bathrooms, currently rented.
Where is this multifamily property located?
The property is located at 235 Lakeview Drive Unit 104 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Condo with 2 bedrooms, built in 1979; New flooring throughout; Bathrooms renovated
