Best of Luxury Realty

Overview

Status: Backup

A backup offer is when a home seller has accepted an offer from a buyer, but is still accepting offers from other buyers. Sellers state that they are accepting backup offers if they think the current offer may fall through.
Parking No info
Size: 949 ft²/88.16 m²
Price Per: $816.65 ft²/$8,790.34 m²
Type: Multifamily
Built: 1975
HOA: $509.00/MO
MLS Number: A11543690
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On Site: 57 days
Updated: 4 Days Ago
Page Views: 1

**6.9% CAP RATE** Introducing a 4 Unit Bulk Condo Portfolio (was PREVIOUSLY 5 BUT ONE IS SOLD) Sale in Versailles Gardens Condominium in Tamarac. 3 are 2/2's and 1 is a 1/1.5 All 4 CONDOS are rented to LONG-TERM tenants on annual leases & all units are well maintained. Many of the tenants are rented to Section 8 Tenants--- GUARANTEED RENT! NOI- $51,576 per year, Gross Rent Roll- $95,512/Y, ROI- 6.5% Monthly COA fee at Versailles Gardens is $509 and roofs and buildings were just painted a couple years ago! 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!).HAVE 9 OTHERS IN ANOTHER COA

Development Amenities

Development Amenities:

Barbecue
Basketball Court
Clubhouse / Clubroom
Elevators
Fitness Center
Laundry
Picnic Area
Pool
Shuffleboard
Tennis Court
Trash Chute

Price History

Date	Event	Price	Change Rate	Price Per
04/09/2024	Price Reduced	$775,000.00	20.5%	$816.65 ft²/$8,790.34 m²
03/04/2024	Listed	$975,000.00		$1,027.40 ft²/$11,058.82 m²

Features

Property Details for 7910 N Colony Cir N, Tamarac, FL 33321

Versailles Gardens, Multifamily current status is ActiveUnderContract, 7910 N Colony Cir N is a Multifamily in , Tamarac, FL 33321 with property MLS ID# A11543690. This Multifamily has been listed on Best of Luxury Realty since March 04, 2024 and is currently priced at 775,000. This property was built in 1975.

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
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Interior, Heating and Cooling
Interior Features: No info
Appliances: No info
Heating Description: Central
Cooling Description: No info

School Information
Elementary School: No info
Middle School: No info
High School: No info

Other Property Info
Community Name: Versailles Gardens
Subdivision Name: VERSAILLES GARDENS CONDO
Property Type: Multifamily
Property Subtype: Residential Income
Type of Association: Homeowners
Garage Spaces: No info
Listing Date: 03/04/2024
Area: 3830
Brokered By: Cutting Edge Investments & Realty Inc

Taxes, Fees & More
Maintenance/HOA Fees: $509.00/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): $3,147.00 (2023)

Nearest Schools

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Area Specialist

Buyer/Tenant Etiquette

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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

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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*Decrease/Increase: Listing values that are being calculated based on recorded price changes.
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