8061 Southgate Blvd, North Lauderdale, Florida, United States

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Home For Sale

$999,995

8061 Southgate Blvd
North Lauderdale, Florida, United States

12bd 8ba

Listed By: Realtyww Info

Listed On: 08/07/2024

Listing ID: GL11689376 View More Details

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

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Listed by: Mitchell Lvovsky