7931 Southgate Boulevard ,Other, Quadruplex, Royale Gardens Condo for Sale

7931 Southgate Boulevard for Sale

Price $2,295,000.00

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

Description

**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.

**PLEASE SEE ALL ATTACHMENTS AND SHARE WITH YOUR CLIENT--- 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. ONE OF THE UNITS CAN BE SEEN ON SATURDAY AFTERNOONS- IT IS BEING LISTED INDIVIDUALLY, SEE MLS#A11565035

ROYALE GARDENS CONDO UNIT 8 BLDG E PER CDO BK/PG: 9974/397

1/4 To Less Than 1/2 Acre Lot

**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.

City:North Lauderdale,Zoning:RM-10,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Latitude:26.228845,Cooling Y N:1,Heating Y N:1,List Price:2295000,Listing Id:A11543673,Longitude:-80.234074,Mls Status:Active,Year Built:1984,Living Area:1010,Postal Code:33068,Street Name:Southgate Boulevard,Coordinates:1:26.228845,Photos Count:31,Building Name:ROYALE GARDENS CONDO,Days On Market:42,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:484134AB0440,Parking Total:9,Property Type:Residential Income,Rent Includes:1:Trash Collection,Stories Total:2,Street Number:7931,Association Y N:1,M I A M I R E_ Style:Fourplex,Public Remarks:**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.,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--- 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. ONE OF THE UNITS CAN BE SEEN ON SATURDAY AFTERNOONS- IT IS BEING LISTED INDIVIDUALLY, SEE MLS#A11565035,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:247560,Unparsed Address:7931 Southgate Boulevard, 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:2272.2772,Original List Price:2295000,Public Survey Range:48,Documents Available:1:Deposit - Last Months Rent,2:Deposit - Security,3:Investment Analysis,4:Copy Of Lease(S),I D X Participation Y N:1,Net Operating Income:155376,Syndication Remarks:**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.,Listing Contract Date:2024-03-04,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:Call Listing Agent,Street Number Numeric:7931,Tax Legal Description:ROYALE GARDENS CONDO UNIT 8 BLDG E 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 9 UNIT BULK CONDO PORTFOLIO- ALL RENTED FOR IMMEDIATE 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:2272.28,Internet Automated Valuation Display Y N:1,