Eric Miller
Cell: 954-383-8170
7951 Southgate Blvd, North Lauderdale
$2,275,000
0 Bed
0 Bath
0 Acre
0 Garage
**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)
Essential Information
MLS® #A11543645
Price$2,275,000
Bathrooms0.00
Acres0.00
Year Built1984
TypeCondo / Townhouse
Sub-TypeCondominium
StatusActive
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
Date ListedMarch 4th, 2024
Days on Market59
HOA Fees355
HOA Fees Freq.Monthly
Listing Courtesy of
Cutting Edge Investments & Realty Inc
LISTING MAP
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