7941 Southgate Boulevard Blvd
North Lauderdale, Florida
$2,250,000 Rental Price
- Bedrooms   - Baths

**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-...

**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. The other 8 are all rented. Excellent opportunity for the savvy investor

Listing courtesy of Cutting Edge Investments & Realty Inc

 

Listing Details

North Lauderdale, Florida
Type: Rental
Price: $2,250,000
Approx. square footage: 1,010 sf
Last Updated: 5/13/2024
Web ID: 11543673
MLS ID: A11543673

Info & Amenities

Type: Quadruplex
Built: 1984
Pool: Yes

Map of Area for 7941 Southgate Boulevard Blvd

Listing Agent(s)