7951 Southgate Blvd North Lauderdale FL 33068 MLS #A11590788

7951 Southgate Blvd
North Lauderdale, FL, 33068
$2,250,000
Beds
0 Baths
15,000 SqFt
0 Acres
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**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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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

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