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.
Website: | https://www.nestseekers.com/3436204 |
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Address: | 7951 Southgate Blvd North Lauderdale, FL 33068 |
Ownership: | Condo |
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Pets: | Pets Allowed |
Financials
Price: | $3,070,000 |
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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 Phone: +1305-907-7555 Fax: +1305-675-0745 | |
Listing Courtesy of Cutting Edge Investments & Realty Inc |