7951 Southgate Blvd Blvd
North Lauderdale, Florida
$3,070,000 Rental Price
- Bedrooms   - Baths

**6.5-7% CAP RATE** Introducing a 13 Unit Bulk Condo Portfolio Sale- 12 of 13 units are 2/2's and 1 unit is a 1/1.5. 9 Condos in Royale Gardens Condo in North Lauderdale and 4 Condos in Versailles Gardens Condo in Tamarac. All units are rented to LONG-TERM tenants on...

**6.5-7% CAP RATE** Introducing a 13 Unit Bulk Condo Portfolio Sale- 12 of 13 units are 2/2's and 1 unit is a 1/1.5. 9 Condos in Royale Gardens Condo in North Lauderdale and 4 Condos in Versailles Gardens Condo in Tamarac. All units are rented to LONG-TERM tenants on annual leases and all units are well maintained.  Many of the tenants are rented to Section 8 Tenants--- GUARANTEED RENT!  NOI- $223,000 per year, Gross Rent Roll- $370,032/Y,  ROI- 6.8%  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. BOTH Associations allow immediate renting and are investor-friendly (annual leases only!).

Listing courtesy of Cutting Edge Investments & Realty Inc

 

Listing Details

North Lauderdale, Florida
Type: Rental
Price: $3,070,000
Approx. square footage: 1,010 sf
Last Updated: 4/27/2024
Web ID: 11543633
MLS ID: A11543633

Info & Amenities

Type: Quadruplex
Built: 1984
Pool: Yes

Map of Area for 7951 Southgate Blvd Blvd

Listing Agent(s)