Overview
Closing Costs Calculator- Status: Active
- Parking No info
- Size: No info
- Price Per: No info/No info
- Type: Condo
- Built: 1984
- HOA: $355.00/MO
- MLS Number: A11543645
- View No info
- On Site: 60 days
- Updated: 1 Days Ago
- Page Views: 0
**6.5-7% CAP RATE** Introducing a 9 Unit Bulk Condo Portfolio Sale- 9 Condos in Royale Gardens Condo in North Lauderdale All units are rented to LONG-TERM tenants on annual leases and all units are well maintained. 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- 6.7% 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 allows immediate renting and is investor-friendly(annual leases only!).(PRICE REDUCTION IS DUE TO THIS BEING A 14 UNIT ORIGINALLY-5 UNITS ARE SOLD)
Contact AdvisorPrice History
Date | Event | Price | Change Rate | Price Per |
---|---|---|---|---|
05/02/2024 | Price Reduced | $2,275,000.00 | 25.9% | $151.67 ft2/$1,632.53 m2 |
04/09/2024 | Price Reduced | $3,070,000.00 | 6.1% | $204.67 ft2/$2,203.01 m2 |
03/04/2024 | Listed | $3,270,000.00 | $218.00 ft2/$2,346.53 m2 |
Features
Property Details for 7951 Southgate Blvd, North Lauderdale, FL 33068
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- Exterior and Lot Features
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- Interior, Heating and Cooling
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- Heating Description: Central, Electric
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- Building and Construction
- Floor Description: Tile
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- Construction Type: Apartment
- Year Built: 1984
- Waterfront and Water Access
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- School Information
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- Other Property Info
- Community Name: No info
- Subdivision Name: No info
- Property Type: Condo
- Property Subtype: Commercial Sale
- Type of Association: Homeowners
- Garage Spaces: No info
- Listing Date: 03/04/2024
- Area: 3642
- Brokered By: Cutting Edge Investments & Realty Inc
- Legal Description: ROYALE GARDENS CONDO UNIT 8 BLDG F PER CDO BK/PG: 9974/397
- 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
- Type of building: No info
- Occupancy Information: Tenant
- Occupancy Percentage: No info
- Property Type Description: No info
- Parking Description: No info
- Parking Spaces: 14
- Number of Units: No info
- Number of Floors: No info
- Number of Stories: No info
- Zoning Information: R M-10
- Total Acreage: No info
- Acreage Description: No info