7951 Southgate Blvd, North Lauderdale (33068)
$3,070,000
0 
0
1,010
PROPERTY DETAILS
| Address: |
view address North Lauderdale, FL 33068 Map Location |
Features: | Air Conditioning, Multi-level |
|---|---|---|---|
| Square Feet: | 1,010 sq.ft. | Year Built: | 1984 |
| Styles: | Fourplex | Property Type: | Quadruplex |
| Neighborhood: | Royale Gardens Condo | County: | Broward |
| List Date: | 2024-03-04 | Listing Number: | A11543633 |
| Listed By: | Cutting Edge Investments & Realty Inc | Virtual Tour: | Click Here |
PROPERTY DESCRIPTION
**6.5-7% CAP RATE** Introducing a 13 Unit Bulk Condo Portfolio Sale- 12 of 13 units are 2/2's and 1 unit is a 1/1.5. 9 Condos in Royale Gardens Condo in North Lauderdale and 4 Condos in Versailles Gardens Condo in Tamarac. All units are rented to LONG-TERM tenants on annual leases and all units are well maintained. Many of the tenants are rented to Section 8 Tenants--- GUARANTEED RENT! NOI- $223,000 per year, Gross Rent Roll- $370,032/Y, ROI- 6.8% 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. BOTH Associations allow immediate renting and are investor-friendly (annual leases only!).
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Interior
| Air Conditioning: | Yes | Cable Television Available: | Yes |
| Ceiling Fan(S): | Yes | Central Air: | Yes |
| Central Heat: | Yes | Tile Flooring: | Yes |
Exterior
| Block Exterior: | Yes | Living Square Feet: | 1,010.00 |
| Parking Spaces: | 13.00 | Shingle Roof: | Yes |
| Style: | Fourplex |
Property and Lot Details
| HOA Dues: | 355.00 | Lot Zoned: | RM-10 |
| Public Sewer: | Yes | Subdivision: | ROYALE GARDENS CONDO |
| Taxes: | 3,473.00 | Transaction Type: | Sale |
| Year Built: | 1984 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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