**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
- City North Lauderdale
- County Broward
- Zip 33068
- Price $999,995
- Status Active
- Subdivision
- Pets Allowed No
- MLS® # A11590788
- Property Type Commercial Sale
- Property Sub TypeCondominium
- Status Active
- Square Feet
- Year Built 1988
- Waterfront No
- Maintenance Fees $355 Monthly
- Taxes $3,473
- Tax Year 2023