Ultra Luxury For Sale in North Lauderdale, FL
Broward County | 30 minutes ago
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MLS# A11664393
N/A
Beds
N/A
Baths
1,010
SqFt
0.0%
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Garage
$1,238
$/SqFt
**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.
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North Lauderdale, FL Snapshot
143Active Inventory
13New Listings
$103K to $1.3MPrice Range
27Pending Sales
$315KMedian Closed Price
23Days On Market
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