7951 Southgate Blvd North Lauderdale, FL 33068
Overview
- Status: Active
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- Parking No info
- Size: 15,000 ft2/1,393.55 m2
- Price Per: $150.00 ft2/$1,614.59 m2
- Type: Commercial/Investment
- Built: 1984
- HOA: $355.00/MO
- MLS Number: A11543645
- View No info
- On Site: 73 days
- Updated: Listing Refreshed: 3 Days Ago
**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)
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 05/13/2024 | Price Reduced | $2,250,000.00 | 1.1% | $150.00 ft2/$1,614.59 m2 |
| 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 |
Contact Information
This property is courtesy of the Cutting Edge Investments & Realty Inc. 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.