OFF MARKET

7951 Southgate Blvd

Broward County, ROYALE GARDENS CONDO, North Lauderdale, FL

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

Contact Email

[email protected]