Commercial property in North Lauderdale, Florida 93.83 sq.m. № 1375957
ID1375957
$ 1 250 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
**6.75% CAP RATE** Introducing a 5 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 5 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA (community has total of 144 units). 4 units from the SAME seller have a NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75%.. The 5TH Unit is rented for $2,000 p/m. Monthly COA fee at Royale Gardens is just $355 and includes reserves! This is an incredible opportunity for the savvy investor looking to add excellent-performing units, EASY to manage with 6-7% RETURNS. ROOFS REPLACED IN 2022! Association allow immed renting & is investor-friendly. SELLERS CAN SPLIT UP THE 5 UNITS TO ACCOM BUYERS BUDGET AS EACH CONDO HAS IT'S OWN FOLIO.MLS #: A11664393
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CityNorth Lauderdale
Address8061 Southgate Boulevard, North Lauderdale FL 33068
TypeCommercial property
Living space93.83 m²
- m²
- sq. ft
Completion dateIV quarter, 1988
Parking places5
Price
- Price
- per m²
$ 1 250 000
- EUR €
- USD $
- RUB ₽
- GBP £
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