**6.75% CAP RATE** Introducing a 5 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 5 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA (community has total of 144 units). 4 units from the SAME seller have a NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75%.. The 5TH Unit is rented for $2,000 p/m. Monthly COA fee at Royale Gardens is just $355 and includes reserves! This is an incredible opportunity for the savvy investor looking to add excellent-performing units, EASY to manage with 6-7% RETURNS. ROOFS REPLACED IN 2022! Association allow immed renting & is investor-friendly. SELLERS CAN SPLIT UP THE 5 UNITS TO ACCOM BUYERS BUDGET AS EACH CONDO HAS IT’S OWN FOLIO.
Property Details
Price:
$1,250,000
MLS #:
A11664393
Status:
Active
Beds:
0
Baths:
0
Address:
8061 Southgate Boulevard
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
ROYALE GARDENS CONDO
Neighborhood:
Royale Gardens Condo
City:
North Lauderdale
Listed Date:
Sep 23, 2024
State:
FL
Finished Sq Ft:
1,010
Total Sq Ft:
1,010
ZIP:
33068
Year Built:
1988
Units:
5
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Central Air
Flooring
Tile
Heating
Central
Exterior
Architectural Style
Other
Construction Materials
C B S Construction
Parking Spots
5
Roof
Shingle
Financial
HOA Fee
$355
HOA Frequency
Monthly
Tax Year
2023
Taxes
$3,473
Map
Community
- Address8061 Southgate Boulevard North Lauderdale FL
- SubdivisionROYALE GARDENS CONDO
- CityNorth Lauderdale
- CountyBroward County
- Zip Code33068
Similar Listings Nearby
- 3775 NW 116th Ter
Coral Springs, FL$1,520,000
4.38 miles away
- 4103 Riverside Dr
Coral Springs, FL$1,448,000
3.61 miles away
- 691 Kathy Ln
Margate, FL$1,300,000
1.10 miles away
Pompano Beach, FL$1,100,000
4.81 miles away
8061 Southgate Boulevard
North Lauderdale, FL
LIGHTBOX-IMAGES