Commercial property in North Lauderdale, Florida № 1044699
4
ID1044699
$ 3 270 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property 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!).MLS #: A11543645
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CityNorth Lauderdale
Address7951 Southgate Blvd, North Lauderdale FL 33068
TypeCommercial property
Completion dateIV quarter, 1984
Parking places14
Price
- Price
- per m²
$ 3 270 000
- EUR €
- USD $
- RUB ₽
- GBP £
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