Price Reduced 20.51%
Price History
$975,000
3/4/2024
$775,000
4/9/2024
7910 N Colony Cir N, Tamarac, FL, 33321
1975
Fourplex
949 sqft
**6.9% CAP RATE** Introducing a 4 Unit Bulk Condo Portfolio (was PREVIOUSLY 5 BUT ONE IS SOLD) Sale in Versailles Gardens Condominium in Tamarac. 3 are 2/2's and 1 is a 1/1.5 All 4 CONDOS are rented to LONG-TERM tenants on annual leases & all units are well maintained. Many of the tenants are rented to Section 8 Tenants--- GUARANTEED RENT! NOI- $51,576 per year, Gross Rent Roll- $95,512/Y, ROI- 6.5% Monthly COA fee at Versailles Gardens is $509 and roofs and buildings were just painted a couple years ago! 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 allow immediate renting and are investor-friendly (annual leases only!).HAVE 9 OTHERS IN ANOTHER COA
Status:
Pending
Type:
Multi-family
Zoning:
R-3
Subdivision:
VERSAILLES GARDENS CONDO
Heating:
Central
Cooling:
Central Air
Parking:
4-car
Common Charge:
$509 Monthly
Est. Taxes:
$3,147
HOA Fee
$509
Construction
Block
Utilities
Cable Not Available
Lot Description:
1/4 to 1/2 Acre Lot
Days on Market:
50
Pool:
None
MLS #:
A11543690
Community Info
School Info
Walk Score
Yelp
Similar Properties
New or Coming Soon Properties
Listing courtesy of Cutting Edge Investments & Realty Inc Phone: 954-547-1962