Jerry Mason
Price Reduced 1.96%
Price History
$2,295,000
3/4/2024
$2,275,000
5/2/2024
$2,250,000
5/13/2024
7941 Southgate Boulevard, North Lauderdale, FL, 33068
1984
Fourplex
1,010 sqft
**6.5% CAP RATE** Introducing a 9 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. 8 OF THE 9 UNITS HAVE AN EXTRA 3RD ROOM AND ARE RENTED AS 3/2's. One of them (vacant for showings) is 2/2. NOI- $155,376 per year, Gross Rent Roll- $247,560/Y, ROI- 6.5% 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 (annual leases only!). One Unit is vacant and available for showings. The other 8 are all rented. Excellent opportunity for the savvy investor
Status:
Active
Type:
Multi-family
Zoning:
RM-10
Subdivision:
ROYALE GARDENS CONDO
Heating:
Central
Cooling:
Central Air
Parking:
9-car
Common Charge:
$355 Monthly
Est. Taxes:
$3,473
HOA Fee
$355
Construction
Block
Utilities
Cable Not Available
Lot Description:
1/4 to 1/2 Acre Lot
Days on Market:
70
Pool:
None
MLS #:
A11543673
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of Cutting Edge Investments & Realty Inc Phone: 954-547-1962