Courtesy of: Mitchell Lvovsky, Cutting Edge Investments & Realty Inc, mlvovsky89@gmail.com
Courtesy of: Mitchell Lvovsky, Cutting Edge Investments & Realty Inc, mlvovsky89@gmail.com
$992,990
|
Condominium
|
$992,990
8041 Southgate Blvd **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
Courtesy of: Mitchell Lvovsky, Cutting Edge Investments & Realty Inc, mlvovsky89@gmail.com
Copyright © 2024 MIAMI Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.