FL > North Lauderdale > Royale Gardens Condo
North Lauderdale, FL 33068,8061 Southgate Boulevard
North Lauderdale, FL 33068,8061 Southgate Boulevard
North Lauderdale, FL 33068,8061 Southgate Boulevard
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Greg Marchese

Greg Marchese

+1(954) 888-8289
$991,990
Est. payment /mo
1,010 SqFt
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UPDATED:

01/23/2025 01:46 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,010 sqft

Price per Sqft $982

Subdivision Royale Gardens Condo

MLS Listing ID A11664393

Style Fourplex

Construction Status Effective Year Built

HOA Fees $390/mo

HOA Y/N Yes

Year Built 1988

Annual Tax Amount $3,473

Tax Year 2023

Property Sub-Type Quadruplex

Property 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 room (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 4 UNITS TO ACCOM BUYERS BUDGET
One Unit is rented for $2400, 2 are rented for $2350 and 1 is vacant for showing.

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

Roof Type Shingle

Total Parking Spaces 4

Private Pool No

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

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11664393

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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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