Overview

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  • Status: Active
  • Parking No info
  • Size: 1,010 ft2/93.83 m2
  • Price Per: $3,039.60 ft2/$32,718.04 m2
  • Type: Multifamily
  • Built: 1984
  • HOA: $355.00/MO
  • MLS Number: A11543633
  • View No info
  • On Site: 53 days
  • Updated: 10 Days Ago
  • Page Views: 1

**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!).

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Price History

DateEventPriceChange RatePrice Per
04/10/2024Price Reduced$3,070,000.006.1%$3,039.60 ft2/$32,718.04 m2
03/04/2024Listed$3,270,000.00$3,237.62 ft2/$34,849.51 m2

Features

Property Details for 7951 Southgate Blvd, North Lauderdale, FL 33068

Multifamily current status is Active, 7951 Southgate Blvd is a Multifamily in , North Lauderdale, FL 33068 with property MLS ID# A11543633. This Multifamily has been listed on Best of Luxury Realty since March 04, 2024 and is currently priced at 3,070,000. This property was built in 1984.
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Area Specialist

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Tracey Schmitt
Tracey Schmitt
Real Estate Advisor
Office: (305) 407-1657
Email: tracey@bestofluxuryrealty.com
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
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This property is courtesy of the Cutting Edge Investments & Realty Inc. This listing has been viewed 1 times. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

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