Price Reduced 50.50%

$999,995

Est. Mortgage $4,861/mo *

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Price History

$2,020,000
5/20/2024

$999,995
8/5/2024

8041 Southgate Blvd, North Lauderdale, FL, 33068

8041 Southgate Blvd, North Lauderdale, FL, 33068
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1988

**6.75% CAP RATE** Introducing a 4 Unit (previously listed as 8- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75% 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. All units are rented.SELLER CAN SPLIT UP THE 4 UNITS TO ACCOMODATE BUYERS BUDGET. ALSO HAVE A 5TH UNIT AVAILABLE AND LISTED-INQUIRE TODAY

Status:

Active

Type:

Commercial

Zoning:

RM-10

Heating:

Central, Electric

Parking:

8-car

Common Charge:

$355 Monthly

Est. Taxes:

$3,473

HOA Fee

$355

Construction

Block

Days on Market:

93

Lease Term Type:

12 Months

MLS #:

A11590788

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of Cutting Edge Investments & Realty Inc Phone: 954-547-1962