7941 Southgate Boulevard
7941 Southgate Boulevard
$2,275,000
—
1,010
1,010
$2,252
Description
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...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
- Listed by Mitchell Lvovsky • Cutting Edge Investments & Realty Inc
Property Details for 7941 Southgate Boulevard
Subdivision
ROYALE GARDENS CONDO
StyleFourplex
WaterfrontNo
Area3642
Geographic AreaNorth Broward 441 To Everglades (3611-3642)
AuctionNo
Num Stories2
Sq Ft Total1010
Location
LISTING UPDATED: 05/02/2024 04:15 PM
Property Details for 7941 Southgate Boulevard
Status | Active |
---|---|
MLS # | A11543673 |
Days on Market | 62 |
Taxes | $3,473 / year |
HOA Fees | $355 / month |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family Income / Fourplex |
Year Built | 1974 |
Lot Size | - |
County | Broward County |
Building
Location
Building Information for 7941 Southgate Boulevard
Stories2Residences-Year Built1974Building Size-Lot Size-
Payment Calculator
$13,060 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 7941 Southgate Boulevard
Property History for 7941 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 7941 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 - | 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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