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8061 Southgate Boulevard, North Lauderdale FL 33068

Multi-family For Sale
$992,990

BTC: 10.47041971

ETH: 295.53273810

-$257K (2024/12/12)
90 days
0 room(s)
1,010 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

**6.75% CAP RATE** Introducing a 4 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd room (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%..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 4 UNITS TO ACCOM BUYERS BUDGET One Unit is rented for $2400, 2 are rented for $2350 and 1 is vacant for showing.

Location

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1988
Lot:
No Data
Heating:
Central
Price/sqft:
$983
Cooling:
Central Air
HOA:
$390
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

  • Other Property Information

    • Parcel Number: 484134BA0031

    • Zoning: RM-10

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • HOA: $390

    • HOA Frequency: Monthly

    • Annual tax amount: $3,473

  • Source details

    • MLS ID: A11664393

    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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