8041 Southgate Boulevard

ROYALE GARDENS
North Lauderdale, FL 33068

$999,995
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a front view of a house with garden and trees
a view of a car park in front of house
a view of a house with backyard and garden
a swimming pool with outdoor seating and yard
a view of a street with houses on both side of the road
a kitchen with stainless steel appliances granite countertop a stove a sink and a microwave
a view of a balcony with wooden floor and fence
a white toilet sitting next to a bath tub
a bathroom with a sink and a mirror
a view of street with cars
a kitchen with granite countertop a sink stove and cabinets
a view of a room with gym equipment
a view of a dining room with furniture and wooden floor
a living room with furniture and a dining table
a view of a house with a small yard and wooden fence
a front view of a house with a yard
a sign on the side of a building
a kitchen with sink refrigerator and cabinets
a view of a room with gym equipment
a kitchen with a sink stove and cabinets
a kitchen with a stove top oven and refrigerator
a close up view of a washer and dryer
a view of entryway
a car parked in front of a white house
a view of a garden with palm trees
a view of a entryway with a yard
a view of a house with swimming pool
a white house that has tree in front of it
a kitchen with stainless steel appliances granite countertop refrigerator sink and cabinets
a view of a utility room with washer and dryer
a living room with furniture and a chandelier
a kitchen with a white stove top oven and a refrigerator
a view of kitchen with stainless steel appliances granite countertop a refrigerator and a stove
wooden floor in an empty room with a window
wooden floor in an empty room with a window
an empty room with wooden floor and windows
a bathroom with a sink toilet and mirror
a white toilet sitting next to a bath tub
a view of a hallway
a kitchen with a stove top oven and refrigerator
en empty room with windows

Description

6.75% cap rate Introducing a 4 Unit (previously listed as 8- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75% 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...6.75% cap rate Introducing a 4 Unit (previously listed as 8- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75% 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. All units are rented. Seller can split up the 4 units to accomodate buyers budget. Also have a 5th unit available and listed-inquire today
  1. Listed by Mitchell Lvovsky • Cutting Edge Investments & Realty Inc

Property Details for 8041 Southgate Boulevard

Waterfront
No
Area
3642
Geographic Area
North Broward 441 To Everglades (3611-3642)
Auction
No
Num Stories
2
Year Built Description
Unknown
LISTING UPDATED: 09/04/2024 04:56 PM

Property Details for 8041 Southgate Boulevard

StatusActive
MLS #A11590788
Days on Market204
Taxes$3,473 / year
HOA Fees$355 / month
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi Family
Year Built1988
Lot Size0.57 AC / 25,000 SF
CountyBroward County

Building

ROYALE GARDENS

2 StoriesBuilt in 1988

Building Information for 8041 Southgate Boulevard

Stories2Residences-Year Built1988Building Size-Lot Size0.57 AC / 25,000 SF

Property Information for 8041 Southgate Boulevard

Location Information
Location Information
  • Parcel Number Free Text: 484134AK0130
  • Parcel Number MLX: 0090
  • MLS Area: 3642
  • Township Range: 48
  • Section: 34
  • Subdivision Complex Bldg: Royale Gardens Condominium
  • Unit Count: 2
  • Zoning Information: RM-10
General Information
Parking
  • Num Parking Spaces: 8
General Information
  • Property Description: 4 Condo Units in Same Communit
  • Prop Type-Type of Building: Apartments, Condominium
  • Building Sq Ft: 15,000
  • Num Meters: 4
  • Approximate Lot Size: 1
  • Property Sq Ft: 25000
  • Num Buildings: 2
  • Num Floors: 2
  • Construction: CBS Construction
  • Construction Type: CBS Construction
  • Roof Description: Shingle Roof
  • Flooring: Tile Floors
  • Floor Description: Tile Floors
  • Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11590788
Additional Property Information
Utilities
  • Heating Description: Central Electric
Additional Property Information
  • Guest Accommodations: No
  • Tenant Pays: Interior Electric, Water
Financial Information
Financial Information
  • Assoc Fee Paid Per: Monthly
  • Flood Zone: X
  • Tax Year: 2023
  • Special Information: Corporation Owned Property
  • Information Available: Financial Statement, Copy Of Lease(S), Rent Rolls
Rental Information
Rent Information
  • Deposit Information: First Month Rent, Last Month Rent, Security Deposit

Property History for 8041 Southgate Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 8041 Southgate Boulevard

This home is within Broward.
Rating
School
Type
Grades
Distance
Morrow Elementary School
Public - PK to 5
Silver Lakes Middle School
Public - 6 to 8
Coconut Creek High School
Public - 9 to 12
Panacea Prep Charter School
Charter - K to 5
Rating
School
Distance
Morrow Elementary School
PublicPK to 5

Silver Lakes Middle School
Public6 to 8

Coconut Creek High School
Public9 to 12

Panacea Prep Charter School
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 8041 Southgate Boulevard, North Lauderdale, FL 33068

8041 Southgate Boulevard is a multi-family home for sale in North Lauderdale, FL 33068. This property was listed for sale on May 20, 2024 by Cutting Edge Investments & Realty Inc, it's currently listed at $999,995. This listing's school district is Broward. Nearby schools include Morrow Elementary School, Silver Lakes Middle School and Coconut Creek High School. 8041 Southgate Boulevard is a 0-bed, 0-bath, multi-family home built in 1988.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cutting Edge Investments & Realty Inc

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.