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

7951 Southgate Blvd for Sale & Rent

Price $2,020,000.00

  • Lot size 25000
  • Year Build 1988
  • Waterfront
  • Zip 33068
  • Style
  • Parking Description
  • Pool Yes
  • Status Active
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Description

**6.5% CAP RATE** Introducing a 9 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. 8 OF THE 9 UNITS HAVE AN EXTRA 3RD ROOM AND ARE RENTED AS 3/2's. One of them (vacant for showings) is 2/2. 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!). One Unit is vacant and available for showings. SELLER CAN SPLIT UP THE 9 UNIT PACKAGE TO ACCOMODATE BUYERS BUDGET.

**PLEASE SEE ALL ATTACHMENTS AND SHARE WITH YOUR CLIENT--- 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...ONE UNIT IS VACANT FOR SHOWINGS, ONE RENTED UNIT IS AVAILABLE TO TO BE SEEN SATURDAY AFTERNOONS! 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. ALL 5 UNITS AT VERSAILLES GARDENS IS UNDER CONTRACT TO BE SOLD, THUS WHY THE PRICE DROP AS THIS PORFOLIO HAS BEEN CHANGED FROM 14 UNITS TO 9 UNITS!!

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

**6.5% CAP RATE** Introducing a 9 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. 8 OF THE 9 UNITS HAVE AN EXTRA 3RD ROOM AND ARE RENTED AS 3/2's. One of them (vacant for showings) is 2/2. 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!). One Unit is vacant and available for showings. SELLER CAN SPLIT UP THE 9 UNIT PACKAGE TO ACCOMODATE BUYERS BUDGET.

City:North Lauderdale,Zoning:RM-10,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Latitude:26.2287969,Heating Y N:1,Lease Term:Annual Lease,Renewal Option,List Price:2020000,Listing Id:A11590788,Longitude:-80.234693,Mls Status:Active,Year Built:1988,Postal Code:33068,Street Name:Southgate Blvd,Tenant Pays:1:Water,Coordinates:1:26.2287969,Photos Count:43,Building Name:Royale Gardens Condominium,Business Type:1:Condominium,Days On Market:25,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:3642,On Market Date:2024-05-20,Parcel Number:484134AD0080,Parking Total:14,Property Type:Commercial Sale,Stories Total:2,Street Number:7951,Public Remarks:**6.5% CAP RATE** Introducing a 9 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. 8 OF THE 9 UNITS HAVE AN EXTRA 3RD ROOM AND ARE RENTED AS 3/2's. One of them (vacant for showings) is 2/2. 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!). One Unit is vacant and available for showings. SELLER CAN SPLIT UP THE 9 UNIT PACKAGE TO ACCOMODATE BUYERS BUDGET.,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 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...ONE UNIT IS VACANT FOR SHOWINGS, ONE RENTED UNIT IS AVAILABLE TO TO BE SEEN SATURDAY AFTERNOONS! 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. ALL 5 UNITS AT VERSAILLES GARDENS IS UNDER CONTRACT TO BE SOLD, THUS WHY THE PRICE DROP AS THIS PORFOLIO HAS BEEN CHANGED FROM 14 UNITS TO 9 UNITS!!,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:2250000,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% CAP RATE** Introducing a 9 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. 8 OF THE 9 UNITS HAVE AN EXTRA 3RD ROOM AND ARE RENTED AS 3/2's. One of them (vacant for showings) is 2/2. 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!). One Unit is vacant and available for showings. SELLER CAN SPLIT UP THE 9 UNIT PACKAGE TO ACCOMODATE BUYERS BUDGET.,Listing Contract Date:2024-05-20,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 8 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:9 UNIT CONDO PORTFOLIO IN THE SAME COMMUNITY OF ROYALE GARDENS!,Contract Status Change Date:2024-05-20,Internet Address Display Y N:1,Number Of Units In Community:2,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 $2,020,000.00
  • Price Change: 2024-05-20
  • Lot size sq. ft.
  • Price per sq.ft. $
  • Year Build 1988
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction CBS Construction
  • Parking Description
  • Flooring Type Tile
  • Property Type Commercial Sale
  • Status Active
  • Listed 2024-05-20
  • Days on Market 36
  • Furnished
  • City North Lauderdale
  • Zip 33068
  • State Florida
  • Subdivision
  • Development Name Royale Gardens Condominium
  • HOA Fees 355
  • Taxes 3473
  • Taxes Year 2023