7951 Southgate Blvd, North Lauderdale, 33068

  • $2,250,000

Listing UP for Sale

North Lauderdale

7951 Southgate Blvd, North Lauderdale, 33068

North Lauderdale

  • $2,250,000

Overview

Property ID: A11543645
  • 25000
  • Lot sqft
  • 1984
  • Year Built

Description

**6.5-7% CAP RATE** Introducing a 9 Unit Bulk Condo Portfolio Sale- 9 Condos in Royale Gardens Condo in North Lauderdale All units are rented to LONG-TERM tenants on annual leases and all units are well maintained. 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- 6.7% 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 allows immediate renting and is investor-friendly(annual leases only!).(PRICE REDUCTION IS DUE TO THIS BEING A 14 UNIT ORIGINALLY-5 UNITS ARE SOLD)

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

Details

Updated on May 13, 2024 at 8:10 pm
  • Property ID: A11543645
  • Price: $2,250,000
  • Land Area: 25000 sqft
  • Year Built: 1984
  • Property Status: Listing UP for Sale

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Mitchell Lvovsky
  • Mitchell Lvovsky