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Property Description

**6.5-7% CAP RATE** Introducing a 14 Unit Bulk Condo Portfolio Sale- 13 of 14 units are 2/2’s and 1 unit is a 1/1.5. 9 Condos in Royale Gardens Condo in North Lauderdale and 5 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!).

Features
14
Address Map
FL
Broward County
North Lauderdale
33068
7951 Southgate Blvd
ROYALE GARDENS CONDO
W81° 45' 55.1''
N26° 13' 43.7''
ROYALE GARDENS CONDO
MLS Addon
Other
All Cash, Conventional
1
14
Trash Collection
2
Quadruplex, Fourplex
$3,473
2023
Click Here
RM-10
1
05/03/2024 02:42:02

7951 Southgate Blvd, North Lauderdale, Florida 33068

$3,270,000
1,010 size sq.ft.
Listing ID #A11543633
Basic Details
Property Type Residential Income
Listing Type For Sale
Listing ID A11543633
Price $3,270,000
Square Footage 1,010 Sqft
Year Built 1984
Days on Market 28
Building Area 1,010
Status Active
Property SubType Quadruplex
On Market Date 04/03/2024
Elena Beck
MiamiInvestrealty
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