8041 Southgate Blvd Active Save Request In-Person Tour Request Virtual Tour
North Lauderdale,FL 33068
Key Details
Property Type Co-op
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 15,000 sqft
Price per Sqft $66
MLS Listing ID A11590788
HOA Fees $355/mo
Year Built 1988
Annual Tax Amount $3,473
Tax Year 2023
Lot Size 0.574 Acres
Property Description
**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
Location
State FL
County Broward
Area 3642
Interior
Heating Central,Electric
Flooring Tile
Exterior
Waterfront No
Roof Type Shingle
Building
Story 2
Structure Type Block
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Corporate Listing