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- $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!).

Features
: Central
: Centralair, Ceilingfans
: 13
: Fourplex
: Shingle
: Publicsewer
Address Map
FL
Broward County
North Lauderdale
33068
7951 Southgate Blvd
W81° 45' 55.1''
N26° 13' 43.7''
MLS Addon
$355
Monthly
1,010 Sqft
: Block
43
43
: Tile
1
1
Cash,Conventional
: Other
484134AD0090
ROYALE GARDENS CONDO
$3,473
2023
: Cableavailable
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Corporatelisting,listedasis

Residentialincome For Sale

7951 Southgate Blvd, North Lauderdale, Florida 33068

1,010 Sqft
$3,070,000
MLS # #A11543633
Basic Details
Property Type : Residentialincome
Listing Type : For Sale
Price : $3,070,000
Square Footage : 1,010 Sqft
Year Built : 1984
MLS # : A11543633
Property Sub Type : Quadruplex
Agent info
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