Courtesy of: Mitchell Lvovsky, Cutting Edge Investments & Realty Inc, mlvovsky89@gmail.com
Courtesy of: Mitchell Lvovsky, Cutting Edge Investments & Realty Inc, mlvovsky89@gmail.com
$2,295,000
|
Quadruplex
|
$2,295,000
7931 Southgate Boulevard **6.5% CAP RATE** Introducing a 9 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All units are rented to LONG-TERM tenants on annual leases and all units are well maintained. Many of the tenants are rented to Section 8 Tenants--- GUARANTEED RENT! 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!). Also have 4 other condos in another community that can be sold with these for 13 units total.
Courtesy of: Mitchell Lvovsky, Cutting Edge Investments & Realty Inc, mlvovsky89@gmail.com
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