7941 Southgate Boulevard Blvd
North Lauderdale, Florida
$2,020,000 Rental Price
- Bedrooms   - Baths

**6.95% CAP RATE** Introducing a 8 Unit (previously listed as 9- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 8 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS...

**6.95% CAP RATE** Introducing a 8 Unit (previously listed as 9- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 8 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- $140,424 per year, Gross Rent Roll- $222,360/Y, ROI- 6.95% 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 8 UNITS & SELL LESS UNITS TO ACCOM BUYERS BUDGET. PRICE IS FAIRLY FIRM!

Listing courtesy of Cutting Edge Investments & Realty Inc

 

Listing Details

North Lauderdale, Florida
Type: Rental
Price: $2,020,000
Approx. square footage: 1,010 sf
Last Updated: 6/24/2024
Web ID: 11590774
MLS ID: A11590774

Info & Amenities

Type: Quadruplex
Built: 1988
Pool: Yes

Map of Area for 7941 Southgate Boulevard Blvd

Listing Agent(s)