8041 Southgate Blvd North Lauderdale, FL 33068
**6.75% CAP RATE** Introducing a 4 Unit (previously listed as 8- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 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- $68, 304 per year, Gross Rent Roll- $109, 560/Y, ROI- 6.75% 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 4 UNITS TO ACCOMODATE BUYERS BUDGET. ALSO HAVE A 5TH UNIT AVAILABLE AND LISTED-INQUIRE TODAY
- Property TypeCommercial
- NeighborhoodN/A
- CountyBroward
- Taxes$3,473
- HOA/Condo/Coop Fees$355
- Days on Site46 Days
- MLS StatusActive
- MLS ID NumberA11590788
- Home Size Source N/A
- Year Built1988
- Lot Size0.57 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 8
- 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