Eric Miller
Cell: 954-383-8170
7951 Southgate Blvd, North Lauderdale
$3,070,000
0 Bed
0 Bath
1,010 Sqft
0 Acre
0 Garage
**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!).
Essential Information
MLS® #A11543633
Price$3,070,000
Bathrooms0.00
Square Footage1,010
Acres0.00
Year Built1984
TypeResidential Income
Sub-TypeQuadruplex
StyleFourplex
StatusActive
Community Information
Address7951 Southgate Blvd
Area3642
SubdivisionROYALE GARDENS CONDO
CityNorth Lauderdale
CountyBroward County
StateFL
Zip Code33068-1141
Amenities
UtilitiesCable Available
Interior
InteriorTile
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
# of Stories2
StoriesTwo
Exterior
RoofShingle
ConstructionBlock
Additional Information
Date ListedMarch 4th, 2024
Days on Market59
HOA Fees355
HOA Fees Freq.Monthly
Listing Courtesy of
Cutting Edge Investments & Realty Inc
LISTING MAP
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 2nd, 2024 at 1:17pm 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
