7951 SOUTHGATE BLVD
NORTH LAUDERDALE, FL 33068
$2,250,000
0 Beds
0 Baths
15,000 Sq Ft
Status Active
MLS# A11590788
**6.5% CAP RATE** Introducing a 9 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. 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- 6.5% 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 (annual leases only!). One Unit is vacant and available for showings. SELLER CAN SPLIT UP THE 9 UNIT PACKAGE TO ACCOMODATE BUYERS BUDGET.
Details for 7951 SOUTHGATE BLVD
$150 / Sq Ft
14 parking spaces
$355 monthly HOA Fee
Central, Electric
13 Days on website
0.57 acres lot
Area Information for 7951 SOUTHGATE BLVD
