8041 Southgate Blvd Active

North Lauderdale,FL 33068

$ 999995

- Bed

0 Bath

15000 SqFt


Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 15,000 sqft

Price per Sqft $66

MLS Listing ID A11590788

Construction Status Unknown

HOA Fees $355/mo

HOA Y/N Yes

Year Built 1988

Annual Tax Amount $3,473

Tax Year 2023

Lot Size 0.574 Acres

Property Description

**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

Location

State FL

County Broward

Area 3642

Interior

Heating Central,Electric

Flooring Tile

Exterior

Waterfront No

Roof Type Shingle

Total Parking Spaces 8

Building

Story 2

Level or Stories Two

Structure Type Block

Construction Status Unknown

Others

Tax ID 484134AK0130

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Special Listing Condition Corporate Listing

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