FL > North Lauderdale
North Lauderdale, FL 33068,8041 Southgate Blvd
North Lauderdale, FL 33068,8041 Southgate Blvd
North Lauderdale, FL 33068,8041 Southgate Blvd
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$999,995
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15,000 SqFt
Active

8041 Southgate Blvd North Lauderdale, FL 33068

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Isaac De Castro

Isaac De Castro

+1(646) 626-7901

UPDATED:

10/17/2024 06:11 PM

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

Construction Status Unknown

HOA Fees $355/mo

HOA Y/N Yes

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

Total Parking Spaces 8

Building

Story 2

Level or Stories Two

Structure Type Block

Construction Status Unknown

Others

Tax ID 484134AK0130

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Corporate Listing

Listed by Cutting Edge Investments & Realty Inc

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Isaac De Castro

Real Estate Advisor | 3561456; 1750974; 10401278264

+1(646) 626-7901

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8041 Southgate Blvd

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