Price Reduced 31.19%
Price History
$3,270,000
3/4/2024
$3,070,000
4/9/2024
$2,275,000
5/2/2024
$2,250,000
5/13/2024
7951 Southgate Blvd, North Lauderdale, FL, 33068
1984
**6.5-7% CAP RATE** Introducing a 9 Unit Bulk Condo Portfolio Sale- 9 Condos in Royale Gardens Condo in North Lauderdale All units are rented to LONG-TERM tenants on annual leases and all units are well maintained. 8 OF THE 9 UNITS HAVE AN EXTRA 3RD ROOM AND ARE RENTED AS 3/2's. One of them (vacant for showings) is 2/2...NOI- $155,376 per year, Gross Rent Roll- $247,560/Y, ROI- 6.7% 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. Association allows immediate renting and is investor-friendly(annual leases only!).(PRICE REDUCTION IS DUE TO THIS BEING A 14 UNIT ORIGINALLY-5 UNITS ARE SOLD)
Status:
Active
Type:
Commercial
Zoning:
RM-10
Heating:
Central, Electric
Parking:
14-car
Common Charge:
$355 Monthly
Est. Taxes:
$3,473
HOA Fee
$355
Construction
Block
Days on Market:
70
Lease Term Type:
12 Months
MLS #:
A11543645
Community Info
School Info
Walk Score
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Listing courtesy of Cutting Edge Investments & Realty Inc Phone: 954-547-1962