Active
8041 Southgate Blvd
North Lauderdale FL, 33068
$992,990
$66.20 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
January 14, 2025
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
196
Association Fee Frequency
Monthly
Garage
No
Parking Total
8
View
No
County
Broward County
Pool
No
Zoning
RM-10
Listing History
Date | Event | Price |
|---|---|---|
12/12/2024 | Price change | $992,990 -1% |
8/5/2024 | Price change | $999,995 -51% |
Listed by: Cutting Edge Investments & Realty Inc
Listing Contact: 954-547-1962
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Data last updated 11:17 PM UTC, 1/14/2025.