Property Description

**6.75% CAP RATE** Introducing a 3 Unit (previously listed as 4- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 3 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. Units are rented between 2350-2400 per month! Monthly COA fee at Royale Gardens is just $390 (per unit) 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 3 UNITS TO ACCOMODATE BUYERS BUDGET.

Features
: Central Electric
: 8
: Tile
: Shingle
Address Map
FL
Broward County
North Lauderdale
33068
8041 Southgate Blvd
Royale Gardens Condominium
0
W81° 45' 55.1''
N26° 13' 43.7''
MLS Addon
$390
Monthly
: Cbs Construction
266
: Annual Lease, Renewal Option
: All Cash, Conventional/refinance
: Sale
2
$3,473
2024
RM-10

Commercial Sale For Sale

8041 Southgate Blvd, North Lauderdale, Florida 33068

25,000 Sqft
$757,500
Listing ID #A11590788
Basic Details
Property Type : Commercial Sale
Property SubType : Income/multifamily
Listing Type : For Sale
Listing ID : A11590788
Price : $757,500
Year Built : 1988
Lot Area : 25,000 Sqft
Building Area : 15,000 Sqft
Status : Active
Agent info
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