8061 Southgate Boulevard

North Lauderdale, FL 33068

$992,990
Price
Beds
1,010 Sq. Ft.
$983 / Sq. Ft.
1,010
Sq. Ft.
$983
per Sq. Ft.

Description

6.75% cap rate Introducing a 4 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd room (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%.. Monthly COA fee at Royale Gardens is just $355 and includes reserves! This is an incredible opportunity for the savvy investor looking...6.75% cap rate Introducing a 4 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd room (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%.. 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 4 UNITS TO ACCOM BUYERS BUDGET
One Unit is rented for $2400, 2 are rented for $2350 and 1 is vacant for showing.
  1. Listed by Mitchell Lvovsky • Cutting Edge Investments & Realty Inc

Property Details for 8061 Southgate Boulevard

Subdivision
ROYALE GARDENS CONDO
Style
Fourplex
Waterfront
No
Area
3642
Geographic Area
North Broward 441 To Everglades (3611-3642)
Auction
No
Total Units
4
Num Stories
2
LISTING UPDATED: 12/17/2024 03:54 PM

Property Details for 8061 Southgate Boulevard

StatusActive
MLS #A11664393
Days on Market91
Taxes$3,473 / year
HOA Fees$390 / month
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family Income / Fourplex
Year Built1989
Lot Size-
CountyBroward County

Building

ROYALE GARDENS

2 StoriesBuilt in 1989

Building Information for 8061 Southgate Boulevard

Stories2Residences-Year Built1989Building Size-Lot Size-

Property Information for 8061 Southgate Boulevard

Location Information
Location Information
  • Parcel Number Free Text: 484134BA0031
  • Parcel Number MLX: 0090
  • MLS Area: 3642
  • Township Range: 48
  • Section: 34
  • Subdivision Complex Bldg: ROYALE GARDENS CONDO
  • Unit Count: 1
  • Zoning Information: RM-10
General Information
Parking
  • Num Parking Spaces: 4
General Information
  • Property Type Information: Other
  • Lot Description: 1/4 To Less Than 1/2 Acre Lot
Additional Property Information
Utilities
  • Heating Description: Central Heat
  • Cooling Description: Central Cooling
  • Sewer Description: Municipal Sewer
  • Separate Meter: No
  • Cable Available: No
Additional Property Information
  • Guest Accommodations: No
  • Rent Includes: Pool Maintenance, Trash Removal
Financial Information
Financial Information
  • Type of Association: Condo
  • Assoc Fee Paid Per: Monthly
  • Flood Zone: X
  • Tax Year: 2023
  • Tax Information: Tax Reflects No Exemptions
  • Special Information: As Is, Corporation Owned Property
  • Information Available: Deposit Held, Deposit - Last Months Rent, Deposit - Security, Investment Analysis, Copy Of Lease(S)

Property History for 8061 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 8061 Southgate Boulevard

This home is within Broward.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Morrow Elementary School
PublicPK to 5

Silver Lakes Middle School
Public6 to 8

Coconut Creek High School
Public9 to 12

Eagles Nest Middle Charter School
Charter6 to 8

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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8061 Southgate Boulevard is a multi-family home for sale in North Lauderdale, FL 33068. This property was listed for sale on September 23, 2024 by Cutting Edge Investments & Realty Inc, it's currently listed at $992,990. It has been on the market for a total of 91 days and was last sold on April 4, 2019. This listing's school district is Broward. Nearby schools include Morrow Elementary School, Silver Lakes Middle School and Coconut Creek High School. 8061 Southgate Boulevard is a 0-bed, 0-bath, 1,010 sqft multi-family home built in 1989.

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.