7951 Southgate Boulevard

North Lauderdale, FL 33068

$2,250,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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. Seller can split up the 9 unit package to accomodate buyers budget.
  1. Listed by Mitchell Lvovsky • Cutting Edge Investments & Realty Inc

Property Details for 7951 Southgate Boulevard

Waterfront
No
Area
3642
Geographic Area
North Broward 441 To Everglades (3611-3642)
Auction
No
Num Stories
2
Year Built Description
Unknown

Location

Listing Courtesy of Cutting Edge Investments & Realty Inc
Add your commute
LISTING UPDATED: 05/20/2024 02:00 PM

Property Details for 7951 Southgate Boulevard

StatusActive
MLS #A11590788
Days on Market28
Taxes$3,473 / year
HOA Fees$355 / month
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi Family
Year Built1984
Lot Size0.57 AC / 25,000 SF
CountyBroward County

Building

Royale Gardens

2 StoriesBuilt in 1984

Location

Listing Courtesy of Cutting Edge Investments & Realty Inc
Add your commute

Building Information for 7951 Southgate Boulevard

Stories2Residences-Year Built1984Building Size-Lot Size0.57 AC / 25,000 SF

Payment Calculator

$12,924 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,279

Property Taxes

$289

HOA Dues

$355

The Payment Calculator is for illustrative purposes only.

Property Information for 7951 Southgate Boulevard

Location Information
Location Information
  • Parcel Number Free Text: 484134AD0080
  • 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: 14
General Information
  • Style of Property: Income Non-Waterfront
  • Property Description: 9 Condo Units in Same Communit
  • Prop Type-Type of Building: Apartments, Condominium
  • Building Sq Ft: 15,000
  • Num Meters: 9
  • 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
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 7951 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 7951 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 8
Rating
School
Distance
Morrow Elementary School
PublicPK to 5

Silver Lakes Middle School
Public6 to 8

Coconut Creek High School
Public9 to 12

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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7951 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 $2,250,000. This listing's school district is Broward. Nearby schools include Morrow Elementary School, Silver Lakes Middle School and Coconut Creek High School. 7951 Southgate Boulevard is a 0-bed, 0-bath, multi-family home built in 1984.

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. 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.