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7941 Southgate Boulevard, North Lauderdale FL 33068

Multi-family For Sale
$2,020,000

BTC: 31.92063960

ETH: 589.66567124

-$230K (2024/06/24)
41 days
0 room(s)
1,010 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

**6.95% CAP RATE** Introducing a 8 Unit (previously listed as 9- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 8 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- $140,424 per year, Gross Rent Roll- $222,360/Y, ROI- 6.95% 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 8 UNITS & SELL LESS UNITS TO ACCOM BUYERS BUDGET. PRICE IS FAIRLY FIRM!

Location

Florida • North Lauderdale • 33068 • Multi-family • For Sale

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1988
Lot:
No Data
Heating:
Central
Price/sqft:
$2,000
Cooling:
Central Air
HOA:
$355
All facts and features

  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

  • Other Property Information

    • Parcel Number: 484134BB0120

    • Zoning: RM-10

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • HOA: $355

    • HOA Frequency: Monthly

    • Annual tax amount: $3,473

  • Source details

    • MLS ID: A11590774

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot

    • Architectural Style: Other

    • Living Area: 1010

    • Subdivision Name: ROYALE GARDENS CONDO

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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