8061 Southgate Boulevard
North Lauderdale, FL 33068
1010 sqft | #A11664393
Description
**6.75% CAP RATE** Introducing a 4 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd room (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%..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 4 UNITS TO ACCOM BUYERS BUDGET
One Unit is rented for $2400, 2 are rented for $2350 and 1 is vacant for showing.
Property Details
- Lot Description1/4 To Less Than 1/2 Acre Lot
- SubdivisionROYALE GARDENS CONDO
- CountyBroward County
- Property TypeMulti-Family
- Sewer InformationPublic Sewer
- Property SubtypeQuadruplex
- MLS #A11664393
- MLS #A11664393
- Structure TypeFourplex
- Cost992990
- Square Feet1010
- Year Built1988
- Hoa Fees390
- Stories2
Location
Legal
MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.
Last Updated: . Source: MAOR
Listing Courtesy
Listing Agent: Mitchell Lvovsky (#3256718)
Listing Office: Cutting Edge Investments & Realty Inc (#CUTT01)
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