Price Reduced 62.50%
Price History
$2,020,000
5/20/2024
$999,995
8/5/2024
$992,990
12/12/2024
$757,500
2/24/2025
8041 Southgate Blvd, North Lauderdale, FL, 33068
1988
**6.75% CAP RATE** Introducing a 3 Unit (previously listed as 4- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 3 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. Units are rented between 2350-2400 per month! Monthly COA fee at Royale Gardens is just $390 (per unit) 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 3 UNITS TO ACCOMODATE BUYERS BUDGET.
Status:
Pending
Type:
Commercial
Zoning:
RM-10
Heating:
Central, Electric
Parking:
8-car
Common Charge:
$390 Monthly
Est. Taxes:
$3,473
HOA Fee
$390
Construction
Block
Days on Market:
295
Lease Term Type:
12 Months
MLS #:
A11590788
Community Info
School Info
Walk Score
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Listing courtesy of Cutting Edge Investments & Realty Inc Phone: 954-547-1962