Closed

Versailles Gardens, 7910 N Colony Cir N, Tamarac, FL 33321

775,000(-6.45% )
$725,000Price
949SqFt

Save

Details

Save

Status:
Sold - May 21, 2024
Size: 949 SqFt (88 m2)
Price: $764/SqFt ($8,223/m2)
Type: Multi Family
Built: 1975
HOA: $509/MO
MLS Number: A11543690
On Site: 513 Days
Updated: 435 Days ago
Page Views: 0
**6.9% cap rate** introducing a 4 unit bulk condo portfolio (was previously 5 but one is sold) sale in versailles gardens condominium in tamarac. 3 are 2/2's and 1 is a 1/1.5 all 4 condos are rented to long-term tenants on annual leases & all units are well maintained. Many of the tenants are rented to section 8 tenants--- guaranteed rent! Noi- $51,576 per year, gross rent roll- $95,512/y, roi- 6.5% monthly coa fee at versailles gardens is $509 and roofs and buildings were just painted a couple years ago! 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 (annual leases only!).have 9 others in another coa
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Central
        • Cooling Description: CentralAir
        Building and Construction
        • Floor Description: Tile
        • Year Built: 1975
        • Year Built Description: Effective Year Built
        • Style: Fourplex
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2024-03-04T10:08:01.000-00:00
          Taxes, Fees & More
          • Taxes: 3147

          Price History

          05/21/2024

          Date

          Sold

          Event

          $725K

          Price

          -6.45%

          Change Rate

          $764 ft2 / $8,223 m2

          Price Per

          04/09/2024

          Date

          Price Reduced

          Event

          $775K

          Price

          -20.51%

          Change Rate

          $817 ft2 / $8,790 m2

          Price Per

          03/04/2024

          Date

          Listed

          Event

          $975K

          Price

          $1,027 ft2 / $11,059 m2

          Price Per

          Price per square foot and days on website are not provided values and are calculated by Subdivisions.

          Listed by Mitchell LvovskyCutting Edge Investments & Realty Inc • Buyer Agency Compensation .

          Instant Comps

          $100/ft²
          $300/ft²
          $600/ft²
          $900/ft²

          Unit 7910 N Colony Cir N – Asking

          $764/ft²

          (+288%) from Closed Medium $/ft²

          Closed Medium $/ft²

          $197/ft²
          Community $/Price Range (Closed) $153/ft² – $208/ft²
          No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
          THINKING OF SELLING IN Versailles Gardens at Tamarac?

          Request a Comparative Market Analysis (CMA), It's free and comes with no obligation.

          Tamarac
          Entry-Level Homes & Condos

          Logo

          The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity' Program of the Regional Multiple Listing Service of Miami Dade, Broward, Palm Beach, Collier and Lee Counties. Not all listings found on this site are necessarily listed through Subdivisions.com. Real estate listings held by brokerage firms other than Subdivisions.com are marked with the Broker Reciprocity' logo or the Broker Reciprocity' thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

          Copyright © 2025 Subdivisions.com • All Rights Reserved • Made with ❤ in Miami, Florida.