Address7941 Southgate Boulevard, North Lauderdale, FL, 33068-1141

Price$2,020,000

  • Residential Income
  • 1,010 SQ FT
  • Built in 1988

**6.95% CAP RATE** Introducing a 8 Unit (previously listed as 9- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 8 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. NOI- $140,424 per year, Gross Rent Roll- $222,360/Y, ROI- 6.95% 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. All units are rented. SELLER CAN SPLIT UP THE 8 UNITS & SELL LESS UNITS TO ACCOM BUYERS BUDGET. PRICE IS FAIRLY FIRM!

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Essential Information

  • MLS® #A11590774
  • Price$2,020,000
  • HOA Fees$355 /Monthly
  • Bathrooms0.00
  • Square Footage1,010
  • Acres0.00
  • Price/SqFt$2,000 USD
  • Year Built1988
  • TypeResidential Income
  • Sub-TypeQuadruplex
  • StyleFourplex
  • StatusActive

Community Information

  • Address7941 Southgate Boulevard
  • Area3642
  • SubdivisionROYALE GARDENS CONDO
  • CityNorth Lauderdale
  • CountyBroward County
  • StateFL
  • Zip Code33068-1141

Amenities

  • UtilitiesCable Not Available

Interior

  • InteriorTile
  • HeatingCentral
  • CoolingCentral Air
  • # of Stories2
  • StoriesTwo

Exterior

  • RoofShingle
  • ConstructionBlock

Additional Information

  • Date ListedMay 20th, 2024
  • Days on Website42

Listing Details

Office

Cutting Edge Investments & Realty Inc

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Price Change History for 7941 Southgate Boulevard, North Lauderdale, FL (MLS® #A11590774)

Date Details Change
Price Reduced from $2,250,000 to $2,020,000 $230,000 (10.22%)
Community Listings

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