7951 Southgate Blvd ,Income Non-waterfront for Sale & Rent

7951 Southgate Blvd for Sale & Rent

Price $3,070,000.00

  • Lot size 25000
  • Year Build 1984
  • Waterfront
  • Zip 33068
  • Style
  • 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

**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,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:26.2288064,Heating Y N:1,Lease Term:Annual Lease,Renewal Option,List Price:3070000,Listing Id:A11543645,Longitude:-80.2346863,Mls Status:Active,Year Built:1984,Postal Code:33068,Street Name:Southgate Blvd,Tenant Pays:1:Water,Coordinates:1:26.2288064,Photos Count:51,Business Type:1:Condominium,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:3642,On Market Date:2024-03-04,Parcel Number:484134AD0090,Parking Total:14,Property Type:Commercial Sale,Stories Total:2,Street Number:7951,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!).,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:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:3473,Unparsed Address:7951 Southgate Blvd, North Lauderdale FL 33068,Listing Agreement:Exclusive Agency,Year Built Details:Unknown,Building Area Total:15000,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:25000,Number Of Buildings:2,Original List Price:3270000,Public Survey Range:48,Documents Available:1:Copy Of Lease(S),2:Rent Rolls,I D X Participation Y N:1,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,Lease Renewal Option Y N:1,Public Survey Township:48,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.5%,Association Fee Frequency:Monthly,M I A M I R E_ Internet Remarks:EXCELLENT OPPORTUNITY TO ADD 14 CONDO UNITS TO YOUR RENTAL PORTFOLIO- 6.5% OR GREATER RETURN.,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,M I A M I R E_ Ok To Advertise List:No,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:%,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
  • Construction CBS Construction
  • Parking Description
  • Flooring Type Tile
  • Property Type Commercial Sale
  • Status Active
  • Listed 2024-03-04
  • Days on Market 44
  • Furnished
  • City North Lauderdale
  • Zip 33068
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees 355
  • Taxes 3473
  • Taxes Year