7085 NOVA DR #313, Davie
$275,000 USD 2 2
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| Address | 7085 NOVA DR #313, Davie |
| Building Name | University Parc |
| Type of Property | Condominium |
| Price | $275,000 |
| Previous Price | $270,000 (13 days ago) |
| Sold on | 5th June, 2025 |
| Sold Price | $275,000 |
| Property Status | Closed |
| MLS Number | A11580196 |
| Bedrooms Number | 2 |
| Full Bathrooms Number | 2 |
| Living Area | 1061 |
| Year Built | 2003 |
| Folio Number | 504122AE0450 |
| Days on Market | 412 |
Detailed 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 its current rental rate. Similar units are renting at 16% premium which would turn this investment a 5.7% cap rate.
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Address Information
| State | Florida |
| City | Davie |
| County | Broward County |
| Zip Code | 33317 |
| Address | 7085 NOVA DR |
| Section | 22 |
| Zip Code (4 Digits) | 8111 |
Financial Information
| Price | $275,000 |
| Price per Foot | $0 |
| Previous Price | $270,000 |
| Sold on | 5th June, 2025 |
| Sold Price | $275,000 |
| Folio Number | 504122AE0450 |
| Maintenance Charge Month | $346 |
| Association Fee Paid | Monthly |
| Association Fee | $346 |
| Tax Amount | $4,620 |
| Tax Year | 2023 |
| Terms of Sale | Cash |
| Possession Information | Rental Agreement |
| Type of Contingencies | Pending Inspections |
Full Descriptions
| Detailed 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 its current rental rate. Similar units are renting at 16% premium which would turn this investment a 5.7% cap rate. |
| Property View | Pool Area View |
| Floor Description | Tile |
| Interior Features | Third Floor Entry, Split Bedroom, Vaulted Ceiling (s), Walk-In Closet (s) |
| Exterior Features | Exterior Cat Walk, Screened Balcony |
| Furnished Information | Unfurnished |
| Equipment Appliances | Dishwasher, Dryer, Microwave, Refrigerator, Self Cleaning Oven, Washer |
| Amenities | Pool |
| Cooling Description | Central Air |
| Heating Description | Central |
| Parking Description | Open |
| Pet Restrictions | Restrictions Or Possible Restrictions |
Property parameters
| Bedrooms Number | 2 |
| Full Baths Number | 2 |
| Living Area | 1061 |
| Year Built | 2003 |
| Type of Property | Condominium |
| Building Name | University Parc |
| Development Name | UNIVERSITY PARC RESIDENCE,University Parc |
| Construction Type | Concrete Block Construction |
| Listed with | TIR Prime Properties Corp. |