FL > North Lauderdale
North Lauderdale, FL 33068,8041 Southgate Blvd
North Lauderdale, FL 33068,8041 Southgate Blvd
North Lauderdale, FL 33068,8041 Southgate Blvd
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Greg Marchese

Greg Marchese

+1(954) 888-8289
$992,990
Est. payment /mo
15,000 SqFt
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UPDATED:

01/17/2025 01:43 PM

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 15,000 sqft

Price per Sqft $66

MLS Listing ID A11590788

Construction Status Unknown

HOA Fees $390/mo

HOA Y/N Yes

Year Built 1988

Annual Tax Amount $3,473

Tax Year 2023

Lot Size 0.574 Acres

Property Sub-Type Condominium

Property 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.
ALSO HAVE A 5TH UNIT AVAILABLE AND LISTED-INQUIRE TODAY

Location

State FL

County Broward

Area 3642

Interior

Heating Central, Electric

Flooring Tile

Exterior

Roof Type Shingle

Total Parking Spaces 8

Private Pool Yes

Building

Story 2

Level or Stories Two

Structure Type Block

Construction Status Unknown

Others

Tax ID 484134AK0130

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Corporate Listing

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11590788

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Listed by Cutting Edge Investments & Realty Inc

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Greg Marchese

+1(954) 888-8289

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