Price Reduced 6.12%
Price History
$3,270,000
3/4/2024
$3,070,000
4/10/2024
7951 Southgate Blvd, North Lauderdale, FL, 33068
1984
Fourplex
1,010 sqft
**6.5-7% CAP RATE** Introducing a 13 Unit Bulk Condo Portfolio Sale- 12 of 13 units are 2/2's and 1 unit is a 1/1.5. 9 Condos in Royale Gardens Condo in North Lauderdale and 4 Condos in Versailles Gardens Condo in Tamarac. All units are rented to LONG-TERM tenants on annual leases and all units are well maintained. Many of the tenants are rented to Section 8 Tenants--- GUARANTEED RENT! NOI- $223,000 per year, Gross Rent Roll- $370,032/Y, ROI- 6.8% Monthly COA fee at Royale Gardens is just $355 and includes reserves funding! This is an incredible opportunity for the savvy investor looking to add excellent-performing units, EASY to manage with 6-7% RETURNS in high demand locations for rentals. BOTH Associations allow immediate renting and are investor-friendly (annual leases only!).
Status:
Active
Type:
Multi-family
Zoning:
RM-10
Subdivision:
ROYALE GARDENS CONDO
Heating:
Central
Cooling:
Central Air, Ceiling Fan(s)
Parking:
13-car
Common Charge:
$355 Monthly
Est. Taxes:
$3,473
HOA Fee
$355
Construction
Block
Utilities
Cable Available
Lot Description:
Other
Days on Market:
54
Pool:
None
MLS #:
A11543633
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of Cutting Edge Investments & Realty Inc Phone: 954-547-1962