Price Reduced Listing
8061 Southgate Boulevard , North Lauderdale, FL 33068
North Lauderdale, FL 33068
Description
**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.
Details
| Mls | A11664393 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Hoadues | $355 |
| Subtype | Resale |
| Status | Active |
| Year | 1988 |
| Days On Site | 80 |
| Listing Provided By | Cutting Edge Investments & Realty Inc | Mitchell Lvovsky |
Features
| Sq Feet | 1,010 |
|---|---|
| Storys | 2 |
| Zoning | RM-10 |
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Learn More About This Property
| State | FL |
|---|---|
| County | Broward |
| City | North Lauderdale |
| Zip Code | 33068 |
| Area | 3642 |
| Subarea | North Broward 441 To Everglades (3611 3642) |
| Community Name | ROYALE GARDENS CONDO |
| Listing VS Median (in ROYALE GARDENS CONDO) | |
Price: $992,990 low | high Med: $252,500 SqFt: 1,010 low | high Med: 1,010 $ / SqFt: $983 low | high Med: $250 On Site: 80 low | high Med: 128.000000 | |