Active
8041 Southgate Blvd
North Lauderdale FL, 33068
$999,995
$66.67 per sqft
Active
15,000 sqft
Commercial
Built in 1988
**6.75% CAP RATE** Introducing a 4 Unit (previously listed as 8- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75% 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 allow immediate renting and are investor-friendly. All units are rented.SELLER CAN SPLIT UP THE 4 UNITS TO ACCOMODATE BUYERS BUDGET.
ALSO HAVE A 5TH UNIT AVAILABLE AND LISTED-INQUIRE TODAY
A11590788
MLSⓇ ID
May 20, 2024
Listed
September 13, 2024
Updated
Map
8041 Southgate Blvd
North Lauderdale FL, 33068
Interior Features
Total Stories
2
Floor Description
Tile
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Central Electric
Exterior/Building Features
Lot Size
0.57 Acres
Roof
Shingle
Other Property Details
Taxes
$3,473
Tax Frequency
Annually
Days on Market
93
Association Fee Frequency
Monthly
Garage
No
Parking Total
8
View
No
County
Broward County
Pool
No
Zoning
RM-10
Listing History
Date | Event | Price |
|---|---|---|
8/5/2024 | Price change | $999,995 -51% |
Listed by: Cutting Edge Investments & Realty Inc
Listing Contact: 954-547-1962
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated 4:45 AM UTC, 9/13/2024.