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7951 Southgate Blvd
North Lauderdale, FL 33068
$3,070,000
1 Price Changes (-$ 200,000)
Active
64+
$3,070,000
Active
Bedrooms
Bathrooms
N/A
Half Baths
 
Size Sq. Ft.
54
DOM
7951 Southgate Blvd North Lauderdale, FL 33068
Beds, Baths, Condominium Sq.Ft.

**6.5-7% CAP RATE** Introducing a 13 Unit Bulk Condo Portfolio Sale- 12 of 13 units are 2/2s and 1 unit is a 1/1.5. 9 Condos in Royale Gardens Condo in North Lauderdale and 4 Condos in Versailles Gardens Condo in Tamarac. 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- $198,000 per year, Gross Rent Roll- $344,032/Y, ROI- 6.8% 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. BOTH Associations allow immediate renting and are investor-friendly (annual leases only!).

Listing Summary
  • Address 7951 Southgate Blvd
  • City North Lauderdale
  • County Broward County
  • Zip 33068
  • Price $3,070,000
  • Status Active
  • Subdivision
  • Pets Allowed No
  • MLS® # A11543645
  • Property Type Commercial Sale
  • Property Sub TypeCondominium
  • Status Active
  • Square Feet
  • Year Built 1984
  • Waterfront No
  • Maintenance Fees $355 Monthly
  • Taxes $3,473
  • Tax Year
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7951 Southgate Blvd
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The data relating to real estate for sale on this web site comes in part from the participating Associations of the Miami Multiple Listing Service. The MLS data provided for the property above (A11543645) is provided courtesy of (Cutting Edge Investments & Realty Inc). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Data last updated on 04-27-2024. IDX powered by Realty Net Media
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