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.


Property

Website:https://www.nestseekers.com/3436204
Address:
7951 Southgate Blvd
North Lauderdale, FL 33068
Ownership: Condo
Pets: Pets Allowed

Financials

Price: $3,070,000
Annual Taxes: $3,473

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!).

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of Cutting Edge Investments & Realty Inc