7941 Southgate Boulevard
North Lauderdale, FL 33068
$2,020,000
Description
7941 Southgate Boulevard,
North Lauderdale,
FL
33068
**6.95% CAP RATE** Introducing a 8 Unit (previously listed as 9- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 8 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. NOI- $140,424 per year, Gross Rent Roll- $222,360/Y, ROI- 6.95% 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. All units are rented. SELLER CAN SPLIT UP THE 8 UNITS & SELL LESS UNITS TO ACCOM BUYERS BUDGET. PRICE IS FAIRLY FIRM!
This is an Active listing.
Broker Office Phone Number: 954-547-1962
Copyright © 2024MIAMI Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Listing By: Cutting Edge Investments & Realty Inc via Data Source: MIAMI Association of REALTORS®
listing agent: Mitchell Lvovsky
