Eric Miller
Cell: 954-383-8170
7931 Southgate Boulevard, North Lauderdale
$2,275,000
0 Bed
0 Bath
1,010 Sqft
0 Acre
0 Garage
**6.5% CAP RATE** Introducing a 9 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. 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- 6.5% 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 allow immediate renting and are investor-friendly (annual leases only!). One Unit is vacant and available for showings. The other 8 are all rented. Excellent opportunity for the savvy investor
Essential Information
MLS® #A11543673
Price$2,275,000
Bathrooms0.00
Square Footage1,010
Acres0.00
Year Built1984
TypeResidential Income
Sub-TypeQuadruplex
StyleFourplex
StatusActive
Community Information
Address7931 Southgate Boulevard
Area3642
SubdivisionROYALE GARDENS CONDO
CityNorth Lauderdale
CountyBroward County
StateFL
Zip Code33068-1141
Amenities
UtilitiesCable Not Available
Interior
InteriorTile
HeatingCentral
CoolingCentral Air
# 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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