Description for 7951 Southgate Blvd, North Lauderdale, FL 33068
**6.5-7% CAP RATE** Introducing a 13 Unit Bulk Condo Portfolio Sale- 12 of 13 units are 2/2’s 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- $223,000 per year, Gross Rent Roll- $370,032/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!).
Property Details
Price History
Source: MLS
| Date | Event | Price | Source |
|---|---|---|---|
| 2024-04-27 18:21:06 | For Sale | $3,070,000 | MLS |
| 2024-03-04 | For Sale | $3,270,000 | MLS |
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