8061 Southgate Boulevard, North Lauderdale, 33068
Listing UP for Sale
8061 Southgate Boulevard, North Lauderdale, 33068
Overview
- Property Type
- Quadruplex
- 1010
- sqft
- 1988
- Year Built
Description
**6.75% CAP RATE** Introducing a 5 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 5 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA (community has total of 144 units). 4 units from the SAME seller have a NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75%.. The 5TH Unit is rented for $2,000 p/m. Monthly COA fee at Royale Gardens is just $355 and includes reserves! This is an incredible opportunity for the savvy investor looking to add excellent-performing units, EASY to manage with 6-7% RETURNS. ROOFS REPLACED IN 2022! Association allow immed renting & is investor-friendly. SELLERS CAN SPLIT UP THE 5 UNITS TO ACCOM BUYERS BUDGET AS EACH CONDO HAS IT’S OWN FOLIO.
Address
Open on Google Maps- Address 8061 Southgate Boulevard
- City North Lauderdale
- State/county Florida
- Zip/Postal Code 33068
- Area Broward County
Details
Updated on September 24, 2024 at 5:07 pm- Property ID: A11664393
- Price: $1,250,000
- Property Size: 1010 sqft
- Year Built: 1988
- Property Type: Quadruplex
- Property Status: Listing UP for Sale
Listing Agent Contact Information
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