**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!).
- 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
Years
Knowledge
Guidance