New Listing - 09/23/2024
8061 Southgate Boulevard, North Lauderdale, FL, 33068
1988
Fourplex
1,010 sqft
**6.75% CAP RATE** Introducing a 5 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 5 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA (community has total of 144 units). 4 units from the SAME seller have a NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75%.. The 5TH Unit is rented for $2,000 p/m. Monthly COA fee at Royale Gardens is just $355 and includes reserves! This is an incredible opportunity for the savvy investor looking to add excellent-performing units, EASY to manage with 6-7% RETURNS. ROOFS REPLACED IN 2022! Association allow immed renting & is investor-friendly. SELLERS CAN SPLIT UP THE 5 UNITS TO ACCOM BUYERS BUDGET AS EACH CONDO HAS IT'S OWN FOLIO.
Status:
Active
Type:
Multi-family
Zoning:
RM-10
Subdivision:
ROYALE GARDENS CONDO
Heating:
Central
Cooling:
Central Air
Parking:
5-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
Pool:
None
MLS #:
A11664393
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of Cutting Edge Investments & Realty Inc Phone: 954-547-1962