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Property Description

**6.9% CAP RATE** Introducing a 5 Unit Bulk Condo Portfolio Sale in Versailles Gardens Condominium in Tamarac. 4 are 2/2’s and 1 is a 1/1.5 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- $64,056 per year, Gross Rent Roll- $122,712/Y, ROI- 6.5% Monthly COA fee at Versailles Gardens is $509 and roofs and buildings were just painted a couple years ago! 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 (annual leases only!). Also have 9 other condos in another community that can be sold

Features
5
Address Map
FL
Broward County
Tamarac
33321
7910 N Colony Cir N
VERSAILLES GARDENS CONDO
W81° 44' 38''
N26° 12' 18.5''
VERSAILLES GARDENS CONDO
MLS Addon
Other
All Cash, Conventional
1
5
Water, Sewer, Trash Collection, Pool Maintenance
2
Quadruplex, Fourplex
$3,147
2023
Click Here
R-3
1
04/03/2024 15:31:22

7910 N Colony Cir N, Tamarac, Florida 33321

$975,000
949 size sq.ft.
Listing ID #A11543690
Basic Details
Property Type Residential Income
Listing Type For Sale
Listing ID A11543690
Price $975,000
Square Footage 949 Sqft
Year Built 1975
Days on Market 15
Building Area 949
Status Active
Property SubType Quadruplex
On Market Date 04/03/2024
Elena Beck
MiamiInvestrealty
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