8630 SW 3rd St # 201, Pembroke Pines, FL 33025

About This Home

Income property priced at $199,000, generating $1,850/month in rent ($22,200 gross annually) under a lease through November 2027. That is an 11.2% gross yield and a 6.1% cap rate after HOA dues ($521/month) and current property taxes ($3,869). The unit also suits an owner-occupant buyer. This 1-bed, 2-full-bath lakefront condo offers approx. 805 SF ($247/SF) with a direct water view, in Windmill Lakes, which has a community pool and tennis courts. Daily needs are within a mile: Publix at Pembroke Commons, Broward Meat & Fish, and dining along Pines Blvd including Baoshi Food Hall, Chipotle and Piacere Wood Fired Pizza. Sedano’s, a second Publix and Pembroke Pines City Center are within 2 miles. Rental demand is supported by nearby employment and education: Memorial Hospital Pembroke, Broward College South Campus and the Pembroke Commons/Crossroads Square retail corridor are all within about 2 miles. The location, just south of Pines Blvd, has access to I-75 and Florida’s Turnpike.

Property Details

Bathrooms Full

2

Bathrooms Half

0

Interior Features

Second Floor Entry, Utility Room/Laundry

Appliances

Dishwasher, Dryer, Electric Range, Refrigerator, Washer

Flooring

Ceramic Floor, Tile

Heating

Central

Cooling

Central Air

Architectural Style

Garden Apartment

Garage Spaces

0

Parking Features

1 Space, Additional Spaces Available

Building & Association

Building Name

Windmill

Stories Total

3

Entry Level

2

Association

Yes

Association Fee

$521

Association Fee Frequency

Monthly

Association Amenities

Barbecue, Pool, Tennis Court(s)

Security Features

Complex Fenced

Lot & Construction

Lot Size Square Feet

0

Waterfront

Yes

Waterfront Features

Lake

View

Lake, Water View

Construction Materials

Concrete Block Construction, CBS Construction

Exterior Features

Barbeque, Tennis Court(s)

New Construction

No

Public Records

Parcel Number

514116AB0330

Tax Annual Amount

$3,869

Tax Year

2,025

County Or Parish

Broward County

Location