Price Reduced 50.50%

$999,995 ($990.09 per sqft)

Est. Mortgage $4,861/mo *

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Price History

$2,020,000
5/20/2024

$999,995
8/5/2024

8061 Southgate Boulevard, North Lauderdale, FL, 33068

8061 Southgate Boulevard, North Lauderdale, FL, 33068
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1988

Fourplex

1,010 sqft

**6.75% CAP RATE** Introducing a 4 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75% 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 allow immediate renting and are investor-friendly. All units are rented. SELLER CAN SPLIT UP THE 4 UNITS TO ACCOMODATE BUYERS BUDGET... ALSO HAVE A 5TH UNIT AVAILABLE AND LISTED- INQUIRE TODAY!

Status:

Active

Type:

Multi-family

Zoning:

RM-10

Subdivision:

ROYALE GARDENS CONDO

Heating:

Central

Cooling:

Central Air

Parking:

4-car

Common Charge:

$355 Monthly

Est. Taxes:

$3,473

HOA Fee

$355

Construction

Block

Utilities

Cable Not Available

Lot Description:

1/4 to 1/2 Acre Lot

Days on Market:

101

Pool:

None

MLS #:

A11590774

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of Cutting Edge Investments & Realty Inc Phone: 954-547-1962