7910 N Colony Cir N Cir
Tamarac, Florida
$775,000 Rental Price
- Bedrooms   - Baths

Contract Signed

**6.9% CAP RATE** Introducing a 4 Unit Bulk Condo Portfolio (was PREVIOUSLY 5 BUT ONE IS SOLD) Sale in Versailles Gardens Condominium in Tamarac. 3 are 2/2's and 1 is a 1/1.5 All 4 CONDOS are rented to LONG-TERM tenants on annual leases & all units are well...

**6.9% CAP RATE** Introducing a 4 Unit Bulk Condo Portfolio (was PREVIOUSLY 5 BUT ONE IS SOLD) Sale in Versailles Gardens Condominium in Tamarac. 3 are 2/2's and 1 is a 1/1.5 All 4 CONDOS are rented to LONG-TERM tenants on annual leases & all units are well maintained. Many of the tenants are rented to Section 8 Tenants--- GUARANTEED RENT! NOI- $51,576 per year, Gross Rent Roll- $95,512/Y, ROI- 6.5% Monthly COA fee at Versailles Gardens is $509 and roofs and buildings were just painted a couple years ago! 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!).HAVE 9 OTHERS IN ANOTHER COA

Listing courtesy of Cutting Edge Investments & Realty Inc

 

Listing Details

Contract Signed
Tamarac, Florida
Type: Rental
Price: $775,000
Approx. square footage: 949 sf
Last Updated: 5/14/2024
Web ID: 11543690
MLS ID: A11543690

Info & Amenities

Type: Quadruplex
Built: 1975
Pool: Yes

Map of Area for 7910 N Colony Cir N Cir

Listing Agent(s)