OFF MARKET
7951 Southgate Blvd
Broward County, ROYALE GARDENS CONDO, North Lauderdale, FL
OFF MARKET
Asking
$3,070,000
BTC
48.587
ETH
1,006.13
Home Size
1,010 sq. ft.
Year Built
1984
**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!).
LOADING
Location
Market Area
Broward County
Neighborhood
ROYALE GARDENS CONDO
Agent
Mitchell Lvovsky
+1 310 910 1722