Overview
Closing Costs Calculator- Status: Active
- Parking No info
- Size: 1,010 ft2/93.83 m2
- Price Per: $2,252.48 ft2/$24,245.45 m2
- Type: Multifamily
- Built: 1984
- HOA: $355.00/MO
- MLS Number: A11543673
- View No info
- On Site: 60 days
- Updated: 1 Days Ago
- Page Views: 1
**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
Contact AdvisorPrice History
Date | Event | Price | Change Rate | Price Per |
---|---|---|---|---|
05/02/2024 | Price Reduced | $2,275,000.00 | 0.9% | $2,252.48 ft2/$24,245.45 m2 |
03/04/2024 | Listed | $2,295,000.00 | $2,272.28 ft2/$24,458.60 m2 |
Features
Property Details for 7941 Southgate Boulevard, North Lauderdale, FL 33068
- Bedrooms
- Bedrooms: No info
- Bedroom Description: No info
- Bathrooms
- Full Bathrooms:
- Half Bathrooms: No info
- Master Bathroom Description: No info
- Exterior and Lot Features
- Exterior Features: No info
- View: No info
- Interior, Heating and Cooling
- Interior Features: No info
- Appliances: No info
- Heating Description: Central
- Cooling Description: No info
- Building and Construction
- Floor Description: Tile
- Windows/Treatment: No info
- Construction Type: Block
- Year Built: 1984
- Style: Fourplex
- Waterfront and Water Access
- Waterfront Property: No info
- Waterfront Frontage: No info
- Waterfront Description: No info
- Water Access: No info
- Water Description: No info
- School Information
- Elementary School: No info
- Middle School: No info
- High School: No info
- Other Property Info
- Community Name: No info
- Subdivision Name: ROYALE GARDENS CONDO
- Property Type: Multifamily
- Property Subtype: Residential Income
- Type of Association: Homeowners
- Garage Spaces: No info
- Listing Date: 03/04/2024
- Area: 3642
- Brokered By: Cutting Edge Investments & Realty Inc
- Taxes, Fees & More
- Maintenance/HOA Fees: $355.00/month
- Taxes (PLEASE NOTE THAT: Property taxes on resale can vary and prorated at approximately 2.0% of the purchase price and/or assessed market value. Tax rates differ between municipalities and may vary depending on location and usage): $3,473.00 (2023)