7941 Southgate Blvd - Apartments CONDO FOR SALE


North Lauderdale, FL 33068
$250,000 USD
954-547-1962
7941 Southgate Blvd, North Lauderdale, FL for Sale
$250,000 USD
Apartments CONDO - FOR SALE
1/46
1,010 SF | Request Cap Rate

7941 Southgate Blvd
North Lauderdale, FL 33068


HIGHLIGHTS

  • Fully Rented Portfolio
  • Easy to manage with very low montly maintenance fees with RESERVES
  • All 5 units in one condominium! Seller can SPLIT up Portfolio to buyers budget!

OVERVIEW

**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 Roofs were replaced in recent years. Please ask for rent roll and view attachments for more info on the portfolio

FOR SALE DETAILS

PRICE

$250,000 USD

CAP RATE

Request Cap Rate

# OF UNITS

4

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royale Gardens- 4 Condo Unit Portfolio

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

9,090 SF

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Mitchell LvovskyCutting Edge Investments & Realty IncMore Info
954-547-1962

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Mitchell LvovskyCutting Edge Investments & Realty IncMore Info
954-547-1962

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.