7941 Southgate Blvd
North Lauderdale, FL 33068
Royale Gardens Condo Portfolio · Multifamily Property For Sale
·
3 Units
Investment Highlights
- Royale Gardens present four fully-rented condos as a portfolio offering.
- All units are in one condominium. The seller can split or leave as a portfolio based off buyer's budget.
- Overlooking the scenic Stranahan River off Southgate Boulevard.
- Easy to manage with very low monthly maintenance fees with reserves.
Executive Summary
**6.75% CAP RATE** Introducing a 3 Unit (previously listed as 4- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 3 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. Units are rented between 2350-2400 per month! Monthly COA fee at Royale Gardens is just $390 (per unit) 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 3 UNITS TO ACCOMODATE BUYERS BUDGET. One Unit is rented for $2400, 2 are rented for $2350 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. The association allows immediate renting and is investor-friendly. All units are rented. The seller can split up the 3 units and sell less units to accommodate the buyer's budget - the price is pretty firm.
Property Facts
| No. Units | 3 | Building Size | 3,030 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1985 |
| Building Class | C | ||
| Zoning | RM - Residential Multi-Family | ||
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 3,030 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
| Zoning | RM - Residential Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Granite Countertops
- Refrigerator
- Range
Site Amenities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | $2,375 | 1,010 |
