7951 Southgate Blvd, North Lauderdale, 33068

  • $3,070,000

Listing UP for Sale

North Lauderdale

7951 Southgate Blvd, North Lauderdale, 33068

North Lauderdale

  • $3,070,000

Overview

Property ID: A11543633
  • Property Type
  • Quadruplex
  • 1010
  • sqft
  • 1984
  • Year Built

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!).

  • Address 7951 Southgate Blvd
  • City North Lauderdale
  • State/county Florida
  • Zip/Postal Code 33068
  • Area Broward County

Details

Updated on April 28, 2024 at 10:39 am
  • Property ID: A11543633
  • Price: $3,070,000
  • Property Size: 1010 sqft
  • Year Built: 1984
  • Property Type: Quadruplex
  • Property Status: Listing UP for Sale

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Mitchell Lvovsky
  • Mitchell Lvovsky