**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. The other 8 are all rented. Excellent opportunity for the savvy investor
Property Details
Price:
$2,275,000
MLS #:
A11543673
Status:
Active
Beds:
0
Baths:
0
Address:
7941 Southgate Boulevard
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
ROYALE GARDENS CONDO
City:
North Lauderdale
Listed Date:
Mar 4, 2024
State:
FL
Finished Sq Ft:
1,010
ZIP:
33068
Year Built:
1984
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Schools
Interior
Cooling
Central Air
Flooring
Tile
Heating
Central
Exterior
Architectural Style
Other
Construction Materials
C B S Construction
Parking Spots
9
Roof
Shingle
Financial
Buyer Agent Compensation
2.5%%
HOA Fee
$355
HOA Frequency
Monthly
Tax Year
2023
Taxes
$3,473
Map
Community
- Address7941 Southgate Boulevard North Lauderdale FL
- CityNorth Lauderdale
- CountyBroward County
- Zip Code33068
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