Property 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- $198,000 per year, Gross Rent Roll- $344,032/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!).

Features
: Central, Electric
: 14
: Shingle
Address Map
FL
Broward County
North Lauderdale
33068
7951 Southgate Blvd
E0° 0' 0''
N0° 0' 0''
MLS Addon
$355
Monthly
15,000 Sqft
: Block
43
43
: Tile
1
1
: Item12months
Cash,Conventional
484134AD0090
: Apartment
$3,473
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Corporatelisting

Commercialsale For Sale

7951 Southgate Blvd, North Lauderdale, Florida 33068

25,000 Sqft
$3,070,000
MLS # #A11543645
Basic Details
Property Type : Commercialsale
Listing Type : For Sale
Price : $3,070,000
Year Built : 1984
Lot Area : 25,000 Sqft
MLS # : A11543645
Property Sub Type : Condominium
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