$999,995
8041 Southgate Blvd North Lauderdale, FL 33068
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$999,995
Est. payment /mo
15,000 SqFt
UPDATED:
10/17/2024 06:11 PM
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 15,000 sqft
Price per Sqft $66
MLS Listing ID A11590788
Construction Status Unknown
HOA Fees $355/mo
HOA Y/N Yes
Year Built 1988
Annual Tax Amount $3,473
Tax Year 2023
Lot Size 0.574 Acres
Property Description
**6.75% CAP RATE** Introducing a 4 Unit (previously listed as 8- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 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- $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 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 4 UNITS TO ACCOMODATE BUYERS BUDGET.
ALSO HAVE A 5TH UNIT AVAILABLE AND LISTED-INQUIRE TODAY
ALSO HAVE A 5TH UNIT AVAILABLE AND LISTED-INQUIRE TODAY
Location
State FL
County Broward
Area 3642
Interior
Heating Central, Electric
Flooring Tile
Exterior
Waterfront No
Roof Type Shingle
Total Parking Spaces 8
Building
Story 2
Level or Stories Two
Structure Type Block
Construction Status Unknown
Others
Tax ID 484134AK0130
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Corporate Listing
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Listed by Cutting Edge Investments & Realty Inc
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