**6.5% CAP RATE** Introducing a 9 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. 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- 6.5% 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 (annual leases only!). One Unit is vacant and available for showings. SELLER CAN SPLIT UP THE 9 UNIT PACKAGE TO ACCOMODATE BUYERS BUDGET.
Property Details
Price:
$2,250,000
MLS #:
A11590788
Status:
Active
Beds:
0
Baths:
0
Address:
7951 Southgate Blvd
Type:
Commercial
Subtype:
Income/MultiFamily
City:
North Lauderdale
Listed Date:
May 20, 2024
State:
FL
Finished Sq Ft:
15,000
ZIP:
33068
Year Built:
1984
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Schools
Interior
Flooring
Tile
Heating
Central Electric
Exterior
Construction Materials
C B S Construction
Parking Spots
14
Roof
Shingle
Financial
Buyer Agent Compensation
2.5%%
HOA Fee
$355
HOA Frequency
Monthly
Tax Year
2023
Taxes
$3,473
Map
Community
- Address7951 Southgate Blvd North Lauderdale FL
- CityNorth Lauderdale
- CountyBroward County
- Zip Code33068
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Courtesy of Cutting Edge Investments & Realty Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than Century 21 Carioti include the name of the listing broker. Neither the listing company nor Century 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Miami, FL. All rights reserved.
7951 Southgate Blvd
North Lauderdale, FL
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