8061 Southgate Boulevard ,Other, Quadruplex, Royale Gardens Condo for Sale

8061 Southgate Boulevard for Sale

Price $1,250,000.00

• Lot size 1010
• Year Build 1988
• Waterfront
• Zip 33068
• Style Other
• Parking Description
• Pool Yes
• Status Active

Description

**6.75% CAP RATE** Introducing a 5 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 5 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA (community has total of 144 units). 4 units from the SAME seller have a NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75%.. The 5TH Unit is rented for $2,000 p/m. Monthly COA fee at Royale Gardens is just $355 and includes reserves! This is an incredible opportunity for the savvy investor looking to add excellent-performing units, EASY to manage with 6-7% RETURNS. ROOFS REPLACED IN 2022! Association allow immed renting & is investor-friendly. SELLERS CAN SPLIT UP THE 5 UNITS TO ACCOM BUYERS BUDGET AS EACH CONDO HAS IT'S OWN FOLIO.

**PLEASE SEE ALL ATTACHMENTS AND SHARE WITH YOUR CLIENT---SEE MLS# A11653467 for showings on unit H5 that is vacant (to get idea of floorplan) 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. SERLLER CAN SPLIT UP THE PORTFOLIO BASED ON YOUR BUYERS BUDGET! 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 yr term. TEXT, E-MAIL OR CALL L/A if any questions at 954-547-1962

ROYALE GARDENS CONDO PER CDO BK/PG: 9974/397

1/4 To Less Than 1/2 Acre Lot

**6.75% CAP RATE** Introducing a 5 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 5 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA (community has total of 144 units). 4 units from the SAME seller have a NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75%.. The 5TH Unit is rented for $2,000 p/m. Monthly COA fee at Royale Gardens is just $355 and includes reserves! This is an incredible opportunity for the savvy investor looking to add excellent-performing units, EASY to manage with 6-7% RETURNS. ROOFS REPLACED IN 2022! Association allow immed renting & is investor-friendly. SELLERS CAN SPLIT UP THE 5 UNITS TO ACCOM BUYERS BUDGET AS EACH CONDO HAS IT'S OWN FOLIO.

City:North Lauderdale,Zoning:RM-10,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Latitude:26.2283439,Cooling Y N:1,Heating Y N:1,List Price:1250000,Listing Id:A11664393,Longitude:-80.2364917,Mls Status:Active,Year Built:1988,Living Area:1010,Postal Code:33068,Street Name:Southgate Boulevard,Coordinates:1:26.2283439,Photos Count:47,Building Name:ROYALE GARDENS CONDO,Days On Market:24,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:2024-09-23,Parcel Number:484134BA0031,Parking Total:5,Property Type:Residential Income,Rent Includes:1:Trash Collection,Stories Total:2,Street Number:8061,Association Y N:1,M I A M I R E_ Style:Fourplex,Public Remarks:**6.75% CAP RATE** Introducing a 5 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 5 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA (community has total of 144 units). 4 units from the SAME seller have a NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75%.. The 5TH Unit is rented for $2,000 p/m. Monthly COA fee at Royale Gardens is just $355 and includes reserves! This is an incredible opportunity for the savvy investor looking to add excellent-performing units, EASY to manage with 6-7% RETURNS. ROOFS REPLACED IN 2022! Association allow immed renting & is investor-friendly. SELLERS CAN SPLIT UP THE 5 UNITS TO ACCOM BUYERS BUDGET AS EACH CONDO HAS IT'S OWN FOLIO.,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---SEE MLS# A11653467 for showings on unit H5 that is vacant (to get idea of floorplan) 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. SERLLER CAN SPLIT UP THE PORTFOLIO BASED ON YOUR BUYERS BUDGET! 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 yr term. TEXT, E-MAIL OR CALL L/A if any questions at 954-547-1962,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:109560,Unparsed Address:8061 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:1237.6238,Original List Price:1250000,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:68304,Number Of Units Total:5,Syndication Remarks:**6.75% CAP RATE** Introducing a 5 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 5 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA (community has total of 144 units). 4 units from the SAME seller have a NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75%.. The 5TH Unit is rented for $2,000 p/m. Monthly COA fee at Royale Gardens is just $355 and includes reserves! This is an incredible opportunity for the savvy investor looking to add excellent-performing units, EASY to manage with 6-7% RETURNS. ROOFS REPLACED IN 2022! Association allow immed renting & is investor-friendly. SELLERS CAN SPLIT UP THE 5 UNITS TO ACCOM BUYERS BUDGET AS EACH CONDO HAS IT'S OWN FOLIO.,Listing Contract Date:2024-09-23,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:Call Listing Agent,See Broker Remarks,Street Number Numeric:8061,Tax Legal Description:ROYALE GARDENS CONDO PER CDO BK/PG: 9974/397,Public Survey Township:48,Originating System Name:Miami Association of REALTORS?,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 INVESMTENT CONDO OPPORTUNITY TO ADD TO YOUR INVESTMENT PORTFOLIO!!,Contract Status Change Date:2024-09-23,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,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:1237.62,Internet Automated Valuation Display Y N:1,