- $2.3M Price
7951 Southgate Blvd
**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)
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CloseEssential Information
- MLS® #A11543645
- Price$2,275,000
- Bathrooms0.00
- Acres0.00
- Year Built1984
- TypeResidential
- Sub-TypeCondominium
- StatusActive
- Pets AllowedNo
Community Information
- Address7951 Southgate Blvd
- Area3642
- CityNorth Lauderdale
- CountyBroward County
- StateFL
- Zip Code33068-1141
Interior
- InteriorTile
- HeatingCentral, Electric
- # of Stories2
- StoriesTwo
Exterior
- RoofShingle
- ConstructionBlock
Additional Information
- Days on Market67
- Date ListedMarch 4th, 2024
- Folio #484134AD0080
- HOA Fees355
- HOA Fees Freq.Monthly
Listing Courtesy of
Cutting Edge Investments & Realty Inc
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®, and is updated as of May 11th, 2024 at 8:07am EDT (date/time).
All information is deemed reliable but not guaranteed by the MLS and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Keller Williams Realty Professionals shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2024 MLS of MAR.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing
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