Closed

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

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

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Details

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Status:
Sold
Size: 949 ft2 / 88 m2
Price: $764 ft2 / $8,223 m2
Type: Multi Family
Built: 1975
HOA: $509/MO
MLS Number: A11543690
On Site: 437 Days
Updated: 359 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

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 Comparative Market Analysis

$100/ft²
$300/ft²
$600/ft²
$900/ft²

Unit 7910 N Colony Cir N – Asking

$764/ft²

(+282%) from Closed Medium $/ft²

Closed Medium $/ft²

$200/ft²
Community $/Price Range (Closed) $169/ft² – $764/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.
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