8041 Southgate Blvd, North Lauderdale, FL 33068 | For Sale
8041 Southgate Blvd, North Lauderdale, FL 33068
Property Description: **6.75% CAP RATE** Introducing a 4 Unit (previously listed as 8- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75% 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. Association allow immediate renting and are investor-friendly. All units are rented.SELLER CAN SPLIT UP THE 4 UNITS TO ACCOMODATE BUYERS BUDGET. ALSO HAVE A 5TH UNIT AVAILABLE AND LISTED-INQUIRE TODAY
Commercial Sale Condominium For Sale located at 8041 Southgate Blvd North Lauderdale FL 33068 in Broward County referenced as ID MLS # A11590788. Find below more comprehensive details about this property. Get in touch with Rebonus, Realtors to arrange a personal viewing or a live video tour, or to submit an offer. If you are a property owner interested in selling a similar property, contact us and receive a free comparative market analysis. We also provide online video calls and meetings.
Useful Info
- Corporate Listing (Corporate Owned Property)
Lease Details
Land Lot (Parcel) Details
Construction
- Unknown
- Block
- Tile
- Apartment
Property Features
- Shingle
- Central
- Electric
Taxes and Expenses
Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.
- Monthly
Terms
- Financials
- Rent Rolls
- Lease
- Cash
- Conventional
- Tenant
- Closing & Funding
- 12 Months
- Electricity
- Water
Community
Parking
Utilities
More Details
Property Description: 4 Condo Units in Same Communit
Flood Zone : X
FEMA Flood Zone Designations: X
Zoning and Legal
Listing History
| Update/Event | Date/Days |
| Published Date: | May 20, 2024 9:55 am |
| On Market Date: | May 20, 2024 |
| Price Change Date Time: | August 5, 2024 10:35 am |
| Last Important Update Description: | Price Change |
| Date and Time of Last Important Update: | August 5, 2024 10:35 am |
| Status Last Changed: | July 22, 2024 12:15 am |
| Photos Last Modified: | July 22, 2024 4:38 am |
| Last Modified: | September 4, 2024 8:56 pm |
| Days on the Market Reference Date: | September 4, 2024 |
| Days on the Market (updated on Last Modified*): | 93 |
| Cumulative Days on the Market (updated on Last Modified**): | 170 |
