8041 Southgate Blvd North Lauderdale FL 33068 MLS #A11590788

8041 Southgate Blvd
North Lauderdale, FL, 33068
$999,995
Beds
0 Baths
15,000 SqFt
0 Acres
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**6.75% CAP RATE** Introducing a 4 Unit (previously listed as 8- thus the price decrease) 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

Property Details

Price:
$999,995
MLS #:
A11590788
Status:
Active
Beds:
0
Baths:
0
Address:
8041 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:
1988
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Interior

Flooring
Tile
Heating
Central Electric

Exterior

Construction Materials
C B S Construction
Parking Spots
8
Roof
Shingle

Financial

Buyer Agent Compensation
2.5%%
HOA Fee
$355
HOA Frequency
Monthly
Tax Year
2023
Taxes
$3,473

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