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7951 Southgate Blvd, North Lauderdale, FL 33068
$3,070,000
7951 Southgate Blvd, North Lauderdale, FL 33068View this property at 7951 Southgate Blvd, North Lauderdale, FL 33068
7951 Southgate BlvdNorth LauderdaleFL33068
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Property Description
**6.5-7% CAP RATE** Introducing a 13 Unit Bulk Condo Portfolio Sale- 12 of 13 units are 2/2's and 1 unit is a 1/1.5. 9 Condos in Royale Gardens Condo in North Lauderdale and 4 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- $198,000 per year, Gross Rent Roll- $344,032/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!).
Full Property Details
Full Property Details for 7951 Southgate Blvd
General
- Price: $3,070,000
- HOA FEE: $355/month
- Taxes: $3,473
- Status: Active
- Type: Apartment
- MLS ID: A11543645
- Updated: 4/27/2024
- Added to Site: 56 day(s) ago
Business
- Business Type: Apartments, Condominium
Rental Information
- Lease/Rent Term: Annual Lease, Renewal Option
Interior
- Flooring: Tile
Parking
- Total Spaces: 14
Location
- County: Broward County
Community
- Units Assoc/Comm: 2
Heating & Cooling
- Heating Type: Central Electric
Structural Information
- # Buildings: 2
- Detached/Attached: Detached
- Construction: CBS Construction
- Roof: Shingle
- Stories/Levels: 2
- Building Size: 15000
- Current Bldg. Use: Income Non-Waterfront
- Year Built: 1984
Unit Information
- Units in Complex: 2
Lot Features
- Lot Size (Sq. Ft.): 25,000
- Zoning: RM-10
Financial Considerations
- Association Fee: $355
- Assoc Fee Freq.: Monthly
- Tax Amount: $3,473
- Terms: All Cash, Conventional/Refinance
- Tenant Pays: Electricity, Water
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Special Conditions: Sale
- Documents Avail.: Financial Statement, Copy Of Lease(S), Rent Rolls
- Legal Description: ROYALE GARDENS CONDO UNIT 8 BLDG F PER CDO BK/PG: 9974/397
- Property ID: 484134AD0080
Listed by Cutting Edge Investments & Realty Inc
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Schools
Schools serving 7951 Southgate Blvd
School District:Broward County School District
Rating | Name | Grades | Distance |
---|---|---|---|
408 Sw 76th Ter, N Lauderdale, FL 33068 | PK-5 | 0.5 mi | |
7600 Tam Oshanter Blvd, N Lauderdale, FL 33068 | 6-8 | 1.1 mi | |
1400 Nw 44th Ave, Coconut Creek, FL 33066 | 9-12 | 3.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7951 Southgate Blvd
Date
Details
Price
Change
Source
4/09/2024
Price Reduced
$3,070,000
-6.12%
MLS
3/04/2024
Listed
$3,270,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7951 Southgate Blvd
7951 Southgate Blvd, North Lauderdale, FL 33068 (MLS# A11543645) is a Apartment property. 7951 Southgate Blvd is currently listed for $3,070,000 and was received on March 04, 2024. Want to learn more about 7951 Southgate Blvd? Do you have questions about finding other Apartment real estate for sale in North Lauderdale? You can browse all North Lauderdale real estate or contact a Coldwell Banker agent to request more information.