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$ 992,990
Est. payment | /mo
15,000 SqFt
$ 992,990
Est. payment | /mo
15,000 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 15,000 sqft
Price per Sqft $66
MLS Listing ID A11590788
Construction Status Unknown
HOA Fees $390/mo
HOA Y/N Yes
Year Built 1988
Annual Tax Amount $3,473
Tax Year 2023
Lot Size 0.574 Acres
Property 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 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
ALSO HAVE A 5TH UNIT AVAILABLE AND LISTED-INQUIRE TODAY
Location
State FL
County Broward
Area 3642
Interior
Heating Central, Electric
Flooring Tile
Exterior
Roof Type Shingle
Total Parking Spaces 8
Building
Story 2
Level or Stories Two
Structure Type Block
Construction Status Unknown
Others
Tax ID 484134AK0130
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Corporate Listing
Listed by Cutting Edge Investments & Realty Inc
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