8061 Southgate Boulevard
$992,990
—
1,010
1,010
$983
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.
One Unit is rented for $2400, 2 are rented for $2350 and 1 is vacant for showing.
- Listed by Mitchell Lvovsky • Cutting Edge Investments & Realty Inc
Property Details for 8061 Southgate Boulevard
Subdivision
ROYALE GARDENS CONDO
StyleFourplex
WaterfrontNo
Area3642
Geographic AreaNorth Broward 441 To Everglades (3611-3642)
AuctionNo
Total Units4
Num Stories2
LISTING UPDATED: 12/17/2024 03:54 PM
Property Details for 8061 Southgate Boulevard
Status | Active |
---|---|
MLS # | A11664393 |
Days on Market | 91 |
Taxes | $3,473 / year |
HOA Fees | $390 / month |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family Income / Fourplex |
Year Built | 1989 |
Lot Size | - |
County | Broward County |
Building
Building Information for 8061 Southgate Boulevard
Stories2Residences-Year Built1989Building Size-Lot Size-
Property Information for 8061 Southgate Boulevard
Property History for 8061 Southgate Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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