8061 Southgate Boulevard

North Lauderdale, FL 33068

  • 3 Bed(s)
  • 2 Bath(s)
  • 1,010 Sqft
$999,990

Description

**6.75% cap rate** introducing a 4 unit 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 (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%..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.

  • Property Type

    ResidentialIncome

  • Subdivision

    Royale Gardens Condo

  • County

    Broward

  • Style

    Fourplex

  • AD ID

    46995801

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BuyOwner last updated this listing 11/16/2024 @ 23:30

  • MLS: A11664393
  • LISTING PROVIDED COURTESY OF: Mitchell Lvovsky, Cutting Edge Investments & Realty Inc
  • SOURCE: SEFMIAMI

is a Home, with 3 bedrooms which is for sale, it has 1,010 sqft, 1,010 sized lot, and 0 parking. are nearby neighborhoods.