7951 Southgate Blvd ,Other, Quadruplex, Royale Gardens Condo for Sale

7951 Southgate Blvd for Sale

Price $3,070,000.00

  • Lot size 1010
  • Year Build 1984
  • Waterfront
  • Zip 33068
  • Style Other
  • Parking Description
  • Pool Yes
  • Status Active
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Description

**6.5-7% CAP RATE** Introducing a 14 Unit Bulk Condo Portfolio Sale- 13 of 14 units are 2/2's and 1 unit is a 1/1.5. 9 Condos in Royale Gardens Condo in North Lauderdale and 5 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!).

**PLEASE SEE ALL ATTACHMENTS AND SHARE WITH YOUR CLIENT--- SELLER WILLING TO SELL JUST THE 9 UNITS AT ROYALE GARDENS OR JUST THE 5 UNITS AT VERSAILLES GARDENS SEPERATELY.. SELLER TO ALSO CONSIDER SPLITTING UP THE PORTFOLIO INTO SMALLER UNIT SALE (EX- JUST SELL 3 UNITS). PLEASE SUBMIT PROOF OF FUNDS/ LOI TO LISTING AGENT PRIOR TO THE ARRANGEMENT OF ANY SHOWINGS AS ALL UNITS ARE LEASED (1 WILL BE MADE AVAILABLE FOR SHOWINGS FROM 4/1) ALL ADDRESSES/ RENT ROLL AND LEASE INFO IS IN THE ATTACHMENTS. PLEASE CONTACT LISTING AGENT IF ANY QUESTIONS OR MORE INFORMATION NEEDED. PLEASE DO NOT DISTURB ANY OF THE TENANTS FOR ANY REASON. Seller would consider seller financing with 40% down, 10-12% interest with a 3-5 year term.

ROYALE GARDENS CONDO UNIT 9 BLDG F PER CDO BK/PG: 9974/397

Other Lot Description

**6.5-7% CAP RATE** Introducing a 14 Unit Bulk Condo Portfolio Sale- 13 of 14 units are 2/2's and 1 unit is a 1/1.5. 9 Condos in Royale Gardens Condo in North Lauderdale and 5 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!).

City:North Lauderdale,Zoning:RM-10,Cooling:1:Central Air,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Latitude:26.2288064,Cooling Y N:1,Heating Y N:1,List Price:3070000,Listing Id:A11543633,Longitude:-80.2346863,Mls Status:Active,Year Built:1984,Living Area:1010,Postal Code:33068,Street Name:Southgate Blvd,Coordinates:1:26.2288064,Photos Count:51,Building Name:ROYALE GARDENS CONDO,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:3642,M L S Area Major:Royale Gardens Condo,On Market Date:2024-03-04,Parcel Number:484134AD0090,Parking Total:14,Property Type:Residential Income,Stories Total:2,Street Number:7951,Association Y N:1,M I A M I R E_ Style:Fourplex,Public Remarks:**6.5-7% CAP RATE** Introducing a 14 Unit Bulk Condo Portfolio Sale- 13 of 14 units are 2/2's and 1 unit is a 1/1.5. 9 Condos in Royale Gardens Condo in North Lauderdale and 5 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!).,Structure Type:1:Fourplex,Association Fee:355,County Or Parish:Broward County,List Office Name:Cutting Edge Investments & Realty Inc,Private Remarks:**PLEASE SEE ALL ATTACHMENTS AND SHARE WITH YOUR CLIENT--- SELLER WILLING TO SELL JUST THE 9 UNITS AT ROYALE GARDENS OR JUST THE 5 UNITS AT VERSAILLES GARDENS SEPERATELY.. SELLER TO ALSO CONSIDER SPLITTING UP THE PORTFOLIO INTO SMALLER UNIT SALE (EX- JUST SELL 3 UNITS). PLEASE SUBMIT PROOF OF FUNDS/ LOI TO LISTING AGENT PRIOR TO THE ARRANGEMENT OF ANY SHOWINGS AS ALL UNITS ARE LEASED (1 WILL BE MADE AVAILABLE FOR SHOWINGS FROM 4/1) ALL ADDRESSES/ RENT ROLL AND LEASE INFO IS IN THE ATTACHMENTS. PLEASE CONTACT LISTING AGENT IF ANY QUESTIONS OR MORE INFORMATION NEEDED. PLEASE DO NOT DISTURB ANY OF THE TENANTS FOR ANY REASON. Seller would consider seller financing with 40% down, 10-12% interest with a 3-5 year term.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1141,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:ROYALE GARDENS CONDO,Tax Annual Amount:3473,Total Actual Rent:370032,Unparsed Address:7951 Southgate Blvd, North Lauderdale FL 33068,Listing Agreement:Exclusive Agency,Year Built Details:Effective Year Built,Building Area Total:1010,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:3237.6238,Original List Price:3270000,Public Survey Range:48,Documents Available:1:Deposit - Last Months Rent,2:Deposit - Security,3:Financial Statement,4:Copy Of Lease(S),5:Rent Rolls,I D X Participation Y N:1,Net Operating Income:223000,Number Of Units Total:14,Syndication Remarks:**6.5-7% CAP RATE** Introducing a 14 Unit Bulk Condo Portfolio Sale- 13 of 14 units are 2/2's and 1 unit is a 1/1.5. 9 Condos in Royale Gardens Condo in North Lauderdale and 5 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!).,Listing Contract Date:2024-03-04,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:Call Listing Agent,Street Number Numeric:7951,Tax Legal Description:ROYALE GARDENS CONDO UNIT 9 BLDG F PER CDO BK/PG: 9974/397,Public Survey Township:48,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.5%,M I A M I R E_ Adjusted Area S F:1010,Association Fee Frequency:Monthly,M I A M I R E_ Internet Remarks:EXCELLENT 14 UNIT BULK SALE PORTFOLIO OF CONDOS- ALL RENTED AND PRODUCING EXCELLEN CASH FLOW!,Contract Status Change Date:2024-03-04,Internet Address Display Y N:1,Number Of Units In Community:1,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:3237.62,Internet Automated Valuation Display Y N:1,

  • Price $3,070,000.00
  • Price Change: 2024-03-04
  • Lot size sq. ft.
  • Price per sq.ft. $
  • Year Build 1984
  • Waterfront
  • View
  • Pool Yes
  • Style Other
  • Construction CBS Construction
  • Parking Description
  • Flooring Type Tile
  • Property Type Residential Income
  • Status Active
  • Listed 2024-03-04
  • Days on Market 44
  • Furnished
  • City North Lauderdale
  • Zip 33068
  • State Florida
  • Subdivision
  • Development Name ROYALE GARDENS CONDO
  • HOA Fees 355
  • Taxes 3473
  • Taxes Year 2023