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7951 Southgate Blvd
North Lauderdale FL 33068 US

$3,070,000

Active Listing ID A11543633
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Quadruplex

$3,070,000

Active Listing ID A11543633
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7951 Southgate Blvd **6.5-7% CAP RATE** Introducing a 13 Unit Bulk Condo Portfolio Sale- 12 of 13 units are 2/2's and 1 unit is a 1/1.5. 9 Condos in Royale Gardens Condo in North Lauderdale and 4 Condos in Versailles Gardens Condo in Tamarac. 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- $223, 000 per year, Gross Rent Roll- $370, 032/Y,   ROI- 6.8%  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. BOTH Associations allow immediate renting and are investor-friendly (annual leases only!).

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Property Features

  • Facts
  • Property Type: Residential
  • Property Sub-type: Quadruplex
  • Features
  • Cooling System: Ceiling Fan(s)
  • Floor Covering: Tile
  • Roof Type: Shingle
  • Heating Fuels: Central Furnace

Property

  • propertytype: Residential
  • propertysubtype: Quadruplex
  • listprice: 3070000
  • unparsedaddress: 7951 Southgate Blvd
  • postalcity: North Lauderdale
  • stateorprovince: FL
  • country: US
  • postalcode: 33068
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 1010
  • livingareaunits: Square Feet
  • listagentfullname: Mitchell Lvovsky
  • listagentemail: mlvovsky89@gmail.com
  • listagentkey: 3yd-MAORFL-3256718
  • listagentmlsid: 3256718
  • listagentpreferredphone: 9545471962
  • listagentofficephone: 9545471962
  • listofficekey: 3yd-MAORFL-CUTT01
  • listofficemlsid: CUTT01
  • disclaimer: Copyright © 2024 MIAMI Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MAORFL
  • yearbuilt: 1984
  • listagenturl: http://www.CuttingEdgeInvestments.com
  • countyorparish: Broward County
  • parcelnumber: 484134AD0090
  • cooling: Ceiling Fan(s)
  • constructionmaterials: Block
  • flooring: Tile
  • heating: Central Furnace
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 13
  • roof: Shingle
  • waterfrontyn: False
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
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Listing Changed: 4/11/2024 1:19:00 PM GMT
Source Updated Date: 4/29/2024 6:53:03 AM GMT

Courtesy of: Mitchell Lvovsky, Cutting Edge Investments & Realty Inc, mlvovsky89@gmail.com

Copyright © 2024 MIAMI Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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