7951 Southgate Blvd North Lauderdale, FL 33068
**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. SELLER CAN SPLIT UP THE 9 UNIT PACKAGE TO ACCOMODATE BUYERS BUDGET.
- Property TypeCommercial
- NeighborhoodN/A
- CountyBroward
- Taxes$3,473
- HOA/Condo/Coop Fees$355
- Days on Site14 Days
- MLS StatusActive
- MLS ID NumberA11590788
- Home Size Source N/A
- Year Built1984
- Lot Size0.57 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 14
- Number of Stories 22
- Zoning RM-10
Interior Features
- Heating Central Electric
- Flooring Tile
Exterior Features
- Roof Shingle
- Waterfront Property No
Community Features
- Association Dues 355