REDUCED
- MLS® #: A11543645
- 7951 Southgate Blvd
- North Lauderdale, FL 33068-1141
- $2,250,000
- Business
**6.5-7% CAP RATE** Introducing a 9 Unit Bulk Condo Portfolio Sale- 9 Condos in Royale Gardens Condo in North Lauderdale All units are rented to LONG-TERM tenants on annual leases and all units are well maintained. 8 OF THE 9 UNITS HAVE AN EXTRA 3RD ROOM AND ARE RENTED AS 3/2's. One of them (vacant for showings) is 2/2...NOI- $155,376 per year, Gross Rent Roll- $247,560/Y, ROI- 6.7% 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 allows immediate renting and is investor-friendly(annual leases only!).(PRICE REDUCTION IS DUE TO THIS BEING A 14 UNIT ORIGINALLY-5 UNITS ARE SOLD)
View Virtual TourEssential Information
- MLS® #A11543645
- Price$2,250,000
- CAD Dollar$3,063,938
- UK Pound£1,770,957
- Euro€2,068,088
- HOA Fees355
- Bathrooms0.00
- Acres0.00
- Year Built1984
- TypeBusiness
- Sub-TypeCondominium
- StatusActive
Community Information
- Address7951 Southgate Blvd
- Area3642
- CityNorth Lauderdale
- CountyBroward
- StateFL
- Zip Code33068-1141
Interior
- InteriorTile
- HeatingCentral, Electric
- # of Stories2
- StoriesTwo
Exterior
- RoofShingle
- ConstructionBlock
- Office: Cutting Edge Investments & Realty Inc
Property Location
7951 Southgate Blvd on www.jupiteroceanfrontcondos.us
Offered at the current list price of $2,250,000, this home for sale at 7951 Southgate Blvd features 0 bedrooms and 0 bathrooms. This real estate listing is located in of North Lauderdale, FL 33068-1141 . 7951 Southgate Blvd is listed under the MLS ID of A11543645 and has been on the North Lauderdale real estate market for 70 days.The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the REALTOR® Association of Greater Miami and the Beaches, and is updated as of May 18th, 2024 at 3:31pm CDT (date/time).
All information is deemed reliable but not guaranteed by the MLS and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Waterfront Properties and Club Communities shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2024 MLS of RAMB.
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