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7910 N Colony Cir N, Tamarac, FL 33321
$725,000
7910 N Colony Cir N, Tamarac, FL 33321View this property at 7910 N Colony Cir N, Tamarac, FL 33321
7910 N Colony Cir NTamaracFL33321
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Property 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
Full Property Details
Full Property Details for 7910 N Colony Cir N
General
- Sold For: $725,000
- HOA FEE: $509/month
- Taxes: $3,147 (2023)
- Status: Closed
- Type: Multi-Family
- MLS ID: A11543690
- Added to Site: 87 day(s) ago
Rental Information
- Rent Includes: Pool Maintenance, Sewer, Trash Collection, Water
Interior
- Flooring: Tile
Parking
- Total Spaces: 4
Location
- Area: Versailles Gardens Condo
- County: Broward County
- Subdivision: VERSAILLES GARDENS CONDO
- Building Name: VERSAILLES GARDENS CONDO
Community
- Community Name: Versailles Gardens Condo
- Association: Yes
- Units Assoc/Comm: 2
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
Structural Information
- Architectural Style: Other
- Structure Type: Quadruplex, Fourplex
- Detached/Attached: Detached
- Construction: CBS Construction
- Roof: Shingle
- Stories/Levels: 2
- Building Size: 949
- Square Feet: 949
- Living Area: 949 Sq. Ft.
- Year Built: 1975
Unit Information
- Units in Complex: 2
Lot Features
- Lot Features: 1/4 To Less Than 1/2 Acre Lot
- Potential Use: Investment
- Zoning: R-3
Financial Considerations
- Price Per Sq. Ft.: $763.96
- Association Fee: $509
- Assoc Fee Freq.: Monthly
- Tax Amount: $3,147
- Tax Year: 2023
- Terms: All Cash, Conventional
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Documents Avail.: Deposit - Last Months Rent, Deposit - Security, Financial Statement
- Legal Description: VERSAILLES GARDENS CONDO BLDG 7 PER CDO BK/PG: 9894/478
- Property ID: 494109CB1690
Listed by Cutting Edge Investments & Realty Inc
Sold by Encore International Realty LLC
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Schools
Schools serving 7910 N Colony Cir N
School District:Broward County School District
Rating | Name | Grades | Distance |
---|---|---|---|
5703 Nw 94th Ave, Tamarac, FL 33321 | PK-5 | 1.5 mi | |
5803 Nw 94th Ave, Tamarac, FL 33321 | 6-12 | 1.4 mi | |
10600 Riverside Dr, Coral Springs, FL 33071 | 9-12 | 2 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 7910 N Colony Cir N
Date
Details
Price
Change
Source
5/21/2024
Sold
$725,000
-6.45%
MLS
4/09/2024
Price Reduced
$775,000
-20.51%
MLS
3/04/2024
Listed
$975,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7910 N Colony Cir N, Tamarac, FL 33321 (MLS# A11543690) is a Multi-Family property that was sold at $725,000 on May 21, 2024. Want to learn more about 7910 N Colony Cir N? Do you have questions about finding other Multi-Family real estate for sale in Tamarac? You can browse all Tamarac real estate or contact a Coldwell Banker agent to request more information.