7910 Colony Cir N ,Other, Quadruplex, Versailles Gardens Condo for Sale

7910 Colony Cir N for Sale

Price $775,000.00

  • Lot size 949
  • Year Build 1975
  • Waterfront
  • Zip 33321
  • Style Other
  • Parking Description
  • Pool Yes
  • Status Active
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Description

**6.9% CAP RATE** Introducing a 4 Unit Bulk Condo Portfolio (was PREVIOUSLY 5 BUT ONE IS SOLD) Sale in Versailles Gardens Condominium in Tamarac. 3 are 2/2's and 1 is a 1/1.5 All 4 CONDOS are rented to LONG-TERM tenants on annual leases & all units are well maintained. Many of the tenants are rented to Section 8 Tenants--- GUARANTEED RENT! NOI- $51,576 per year, Gross Rent Roll- $95,512/Y, ROI- 6.5% Monthly COA fee at Versailles Gardens is $509 and roofs and buildings were just painted a couple years ago! 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!).HAVE 9 OTHERS IN ANOTHER COA

**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.. 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. Owner willing to sell units individually as well, $200,000 for the 2/2 and $175,000 for the 1/1.5... THIS WAS PREVIOUSLY LISTED AS 5 UNITS, NOW BEING SOLD AS 4 UNITS AKA REASON FOR PRICE DROP..... ONE OF THEM WILL BE MADE AVAILABLE FOR SHOWINGS STARTING APRIL 18

VERSAILLES GARDENS CONDO UNIT 102 BLDG 7 PER CDO BK/PG: 9894/478

1/4 To Less Than 1/2 Acre Lot

**6.9% CAP RATE** Introducing a 4 Unit Bulk Condo Portfolio (was PREVIOUSLY 5 BUT ONE IS SOLD) Sale in Versailles Gardens Condominium in Tamarac. 3 are 2/2's and 1 is a 1/1.5 All 4 CONDOS are rented to LONG-TERM tenants on annual leases & all units are well maintained. Many of the tenants are rented to Section 8 Tenants--- GUARANTEED RENT! NOI- $51,576 per year, Gross Rent Roll- $95,512/Y, ROI- 6.5% Monthly COA fee at Versailles Gardens is $509 and roofs and buildings were just painted a couple years ago! 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!).HAVE 9 OTHERS IN ANOTHER COA

City:Tamarac,Zoning:R-3,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Latitude:26.2051316,Cooling Y N:1,Heating Y N:1,List Price:775000,Listing Id:A11543690,Longitude:-80.2561033,Mls Status:Active,Year Built:1975,Living Area:949,Postal Code:33321,Street Name:Colony Cir N,Coordinates:1:26.2051316,Photos Count:28,Building Name:VERSAILLES GARDENS CONDO,Days On Market:43,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:3830,M L S Area Major:Versailles Gardens Condo,On Market Date:2024-03-04,Parcel Number:494109CB1520,Parking Total:4,Property Type:Residential Income,Rent Includes:1:Sewer,2:Trash Collection,3:Water,Stories Total:2,Street Number:7910,Association Y N:1,M I A M I R E_ Style:Fourplex,Public Remarks:**6.9% CAP RATE** Introducing a 4 Unit Bulk Condo Portfolio (was PREVIOUSLY 5 BUT ONE IS SOLD) Sale in Versailles Gardens Condominium in Tamarac. 3 are 2/2's and 1 is a 1/1.5 All 4 CONDOS are rented to LONG-TERM tenants on annual leases & all units are well maintained. Many of the tenants are rented to Section 8 Tenants--- GUARANTEED RENT! NOI- $51,576 per year, Gross Rent Roll- $95,512/Y, ROI- 6.5% Monthly COA fee at Versailles Gardens is $509 and roofs and buildings were just painted a couple years ago! 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!).HAVE 9 OTHERS IN ANOTHER COA,Structure Type:1:Fourplex,Association Fee:509,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.. 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. Owner willing to sell units individually as well, $200,000 for the 2/2 and $175,000 for the 1/1.5... THIS WAS PREVIOUSLY LISTED AS 5 UNITS, NOW BEING SOLD AS 4 UNITS AKA REASON FOR PRICE DROP..... ONE OF THEM WILL BE MADE AVAILABLE FOR SHOWINGS STARTING APRIL 18,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:8315,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:N,Subdivision Name:VERSAILLES GARDENS CONDO,Tax Annual Amount:3147,Total Actual Rent:97512,Unparsed Address:7910 N Colony Cir N, Tamarac FL 33321,Listing Agreement:Exclusive Agency,Year Built Details:Effective Year Built,Building Area Total:949,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:816.6491,Original List Price:975000,Previous List Price:975000,Public Survey Range:49,Documents Available:1:Deposit - Security,2:Financial Statement,I D X Participation Y N:1,Net Operating Income:51576,Number Of Units Total:4,Syndication Remarks:**6.9% CAP RATE** Introducing a 4 Unit Bulk Condo Portfolio (was PREVIOUSLY 5 BUT ONE IS SOLD) Sale in Versailles Gardens Condominium in Tamarac. 3 are 2/2's and 1 is a 1/1.5 All 4 CONDOS are rented to LONG-TERM tenants on annual leases & all units are well maintained. Many of the tenants are rented to Section 8 Tenants--- GUARANTEED RENT! NOI- $51,576 per year, Gross Rent Roll- $95,512/Y, ROI- 6.5% Monthly COA fee at Versailles Gardens is $509 and roofs and buildings were just painted a couple years ago! 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!).HAVE 9 OTHERS IN ANOTHER COA,Listing Contract Date:2024-03-04,Originating System I D:miamire,Showing Instructions:Call Listing Agent,See Broker Remarks,Street Number Numeric:7910,Tax Legal Description:VERSAILLES GARDENS CONDO UNIT 102 BLDG 7 PER CDO BK/PG: 9894/478,Public Survey Township:49,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.5%,M I A M I R E_ Adjusted Area S F:949,Association Fee Frequency:Monthly,M I A M I R E_ Internet Remarks:EXCELLENT PERFORMING 4 UNIT PORTFOLIO IN TAMARAC.,Contract Status Change Date:2024-03-04,Internet Address Display Y N:1,Number Of Units In Community:2,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:816.65,Internet Automated Valuation Display Y N:1,

  • Price $775,000.00
  • Price Change: 2024-04-09
  • Lot size sq. ft.
  • Price per sq.ft. $
  • Year Build 1975
  • Waterfront
  • View
  • Pool Yes
  • Style Other
  • Construction CBS Construction
  • Parking Description
  • Flooring Type Tile
  • Property Type Residential Income
  • Status Active
  • Listed 2024-04-09
  • Days on Market 44
  • Furnished
  • City Tamarac
  • Zip 33321
  • State Florida
  • Subdivision
  • Development Name VERSAILLES GARDENS CONDO
  • HOA Fees 509
  • Taxes 3147
  • Taxes Year 2023