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7931 Southgate Boulevard, North Lauderdale, FL 33068

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For Sale

$2,295,000

1,010 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $2,272.28
    Price per square foot

  • 31-40 Years Old
    Age

Explore this Property

**6.5% CAP RATE** Introducing a 9 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All units are rented to LONG-TERM tenants on annual leases and all units are well maintained. Many of the tenants are rented to Section 8 Tenants--- GUARANTEED RENT! NOI- $155,376 per year, Gross Rent Roll- $247,560/Y, ROI- 6.5% 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 (annual leases only!). Also have 4 other condos in another community that can be sold with these for 13 units total.
MLS# A11543673

Courtesy Of Cutting Edge Investments & Realty, Inc

(954) 547-1962

Property Features

  • Age
    31-40 Years Old
  • Architecture Style
    Other
  • Cooling System
    Central A/C
  • Exterior Type
    Block
  • Floor Covering
    Tile
  • Heating System
    Central Furnace
  • Roof Type
    Composition Shingle

Home seller CENTURY 21 Tenace Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Tenace Realty

(954) 755-2100
Learn More About Us

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