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7951 Southgate Blvd, North Lauderdale, FL – $2,275,000

  • $2.3M Price
  • 62 DOM
  • $2.3M Price
  • 62 DOM

7951 Southgate Blvd

**6.5-7% CAP RATE** Introducing a 9 Unit Bulk Condo Portfolio Sale- 9 Condos in Royale Gardens Condo in North Lauderdale All units are rented to LONG-TERM tenants on annual leases and all units are well maintained. 8 OF THE 9 UNITS HAVE AN EXTRA 3RD ROOM AND ARE RENTED AS 3/2's. One of them (vacant for showings) is 2/2...NOI- $155,376 per year, Gross Rent Roll- $247,560/Y, ROI- 6.7% 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 allows immediate renting and is investor-friendly(annual leases only!).(PRICE REDUCTION IS DUE TO THIS BEING A 14 UNIT ORIGINALLY-5 UNITS ARE SOLD)

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Essential Information

  • MLS® #A11543645
  • Price$2,275,000
  • Bathrooms0.00
  • Year Built1984
  • TypeResidential
  • Sub-TypeCondominium
  • StatusActive

Community Information

  • Address7951 Southgate Blvd
  • Area3642
  • CityNorth Lauderdale
  • CountyBroward County
  • StateFL
  • Zip Code33068-1141

Interior

  • InteriorTile
  • HeatingCentral, Electric
  • # of Stories2
  • StoriesTwo

Exterior

  • RoofShingle
  • ConstructionBlock

Additional Information

  • Date ListedMarch 4th, 2024
  • HOA Fees355
  • HOA Fees Freq.Monthly

Listing Courtesy of

Cutting Edge Investments & Realty Inc

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Price Change History for 7951 Southgate Blvd, North Lauderdale, FL (MLS® #A11543645)

Date Details Change
Price Reduced from $3,070,000 to $2,275,000 $795,000 (25.90%)
Price Reduced from $3,270,000 to $3,070,000 $200,000 (6.12%)