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Under Contract254 Days
$775,000

7910 N Colony Cir N
Tamarac, FL 33321

Income For Sale
949 Sq. Ft.
Cutting Edge Investments & Realty Inc

Description for 7910 N Colony Cir N, Tamarac, FL 33321

**6.9% CAP RATE** Introducing a 4 Unit Bulk Condo Portfolio (was PREVIOUSLY 5 BUT ONE IS SOLD) Sale in Versailles Gardens Condominium in Tamarac. 3 are 2/2’s and 1 is a 1/1.5 All 4 CONDOS are rented to LONG-TERM tenants on annual leases & all units are well maintained. Many of the tenants are rented to Section 8 Tenants— GUARANTEED RENT! NOI- $51,576 per year, Gross Rent Roll- $95,512/Y, ROI- 6.5% Monthly COA fee at Versailles Gardens is $509 and roofs and buildings were just painted a couple years ago! 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!).HAVE 9 OTHERS IN ANOTHER COA

Property Details

Listing Details
Under Contract
Income
Fourplex
Foreclosure/REO/GSE/Corp
For Sale
A11543690
$775,000
03/04/2024
949 Sqft
1975
53
Fourplex
949 Sqft
4
3256718
Location Information
US
FL
Broward County
Tamarac
33321
1071015
Colony Cir N
7910
8315
VERSAILLES GARDENS CONDO
W81° 44' 36.2''
N26° 12' 19.6''
7910 N Colony Cir N
3830
N
Yes
Garage/Parking
No
No
Interior Features
Tile
Exterior Features
Shingle
Block
WaterFront and WaterAccess
No
Land Info
1/4 To 1/2 Acre Lot
494109CB1520
Utilities
Central
Central Air
Public Sewer
HOA Info
2
$509
Monthly
Rental Info
Sewer,Water,Pool,Trash Collection
Tax Info
VERSAILLES GARDENS CONDO UNIT 102 BLDG 7 PER CDO BK/PG: 9894/478
$3,147
2023
Listing Information
Cutting Edge Investments & Realty Inc
Mitchell Lvovsky
53
CUTT01
Sefmiami
$975,000
No
Cable Not Available

Price History

Source: MLS
DateEventPriceSource
2024-04-27 02:41:16Under Contract$775,000MLS
2024-03-04Under Contract$975,000MLS
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4

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7

Transit Score

3

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Courtesy of Cutting Edge Investments & Realty Inc
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© 2024 Miami Association of REALTORS®. All rights reserved. The information is provided 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. The data is deemed reliable but is not guaranteed accurate by the MLS.