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7951 Southgate Blvd, North Lauderdale FL 33068

Commercial For Sale
$2,275,000

BTC: 35.51704623

ETH: 726.25930171

-$995K (2024/05/02)
60 days
0 room(s)
Est. Estimated sales range: $0 - $0
$0

Overview

**6.5-7% CAP RATE** Introducing a 9 Unit Bulk Condo Portfolio Sale- 9 Condos in Royale Gardens Condo in North Lauderdale All units are rented to LONG-TERM tenants on annual leases and all units are well maintained. 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- 6.7% 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 allows immediate renting and is investor-friendly(annual leases only!).(PRICE REDUCTION IS DUE TO THIS BEING A 14 UNIT ORIGINALLY-5 UNITS ARE SOLD)

Location

Florida • North Lauderdale • 33068 • Commercial • For Sale

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
1984
Lot:
25000 Square Feet
Heating:
Central Electric
Price/sqft:
No Data
Cooling:
No Data
HOA:
$355
All facts and features

  • Flooring

    • Tile

    Heating

    • Central Electric

  • Lot

    • Lot: 25000 Square Feet

    Other Property Information

    • Parcel Number: 484134AD0080

    • Zoning: RM-10

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • HOA: $355

    • HOA Frequency: Monthly

    • Annual tax amount: $3,473

  • Source details

    • MLS ID: A11543645

    Other facts

    • Construction Materials: CBS Construction

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Cutting Edge Investments & Realty Inc