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Quadraplex
Tools
Size
1,010 Sq Ft.
interior
Financial
$2,275,000
Change Currency
$2,252
Price Per Sqft
$3,473
Annual taxes
Listing Details
Quadraplex
Property type
1984
Year Built
10684987
Web Id
A11543673
MLS ID
105
Days Posted
Description
7931 Southgate Boulevard,
North Lauderdale,
FL
33068
North Lauderdale, FL 33068
**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. The other 8 are all rented. Excellent opportunity for the savvy investor
This is an Active listing.
Broker Office Phone Number: 954-547-1962
Copyright © 2024MIAMI Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 954-547-1962
Copyright © 2024MIAMI Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Amenities
- Tile Flooring
Price History
| date | Price | variance | type |
|---|---|---|---|
| 5/2/2024 | $2,275,000 | 0.87 % | decreased |
| 3/4/2024 | $2,295,000 | - | Listed |
Listing By: Cutting Edge Investments & Realty Inc via Data Source: MIAMI Association of REALTORS®
listing agent: Mitchell Lvovsky
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