8061 Southgate Boulevard Active Save Request In-Person Tour Request Virtual Tour
North Lauderdale,FL 33068
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,010 sqft
Price per Sqft $1,237
Subdivision Royale Gardens Condo
MLS Listing ID A11664393
Style Fourplex
Construction Status Effective Year Built
HOA Fees $355/mo
HOA Y/N Yes
Year Built 1988
Annual Tax Amount $3,473
Tax Year 2023
Property Description
**6.75% CAP RATE** Introducing a 5 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 5 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA (community has total of 144 units). 4 units from the SAME seller have a NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75%.. The 5TH Unit is rented for $2,000 p/m. Monthly COA fee at Royale Gardens is just $355 and includes reserves! This is an incredible opportunity for the savvy investor looking to add excellent-performing units, EASY to manage with 6-7% RETURNS. ROOFS REPLACED IN 2022! Association allow immed renting & is investor-friendly. SELLERS CAN SPLIT UP THE 5 UNITS TO ACCOM BUYERS BUDGET AS EACH CONDO HAS IT'S OWN FOLIO.
Location
State FL
County Broward
Community Royale Gardens Condo
Area 3642
Interior
Heating Central
Cooling Central Air
Flooring Tile
Exterior
Pool None
Utilities Available Cable Not Available
Waterfront No
Roof Type Shingle
Total Parking Spaces 5
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 484134BA0031
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Corporate Listing,Listed As-Is