Rent report generated Dec 4, 2024
The Rent Potential of
3600 Galt Ocean Dr Apt 1D Fort Lauderdale, FL
is $2,995 – $4,500/mo.
Rent Advice
This Fort Lauderdale condo, located on the prestigious Galt Ocean Mile, offers significant rental potential. With average rent per unit ranging from $2,995 to $4,500, the property can generate substantial revenue. The payback period can be short, considering the high demand for oceanfront living. The neighborhood is vibrant and sought-after, which positively impacts rental desirability. Property features like ocean views and waterfront access further enhance its appeal, although older construction may pose some challenges.
Consider updating the interior and amenities to increase rental appeal and justify higher rents. Upgrades such as modern kitchens and enhanced security can attract premium tenants. If selling, highlight the oceanfront location and potential for rental income. Marketing to investors seeking long-term revenue from high-demand locations could yield favorable offers.
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