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

Beds
949
SqFt
$764
$/SqFt
Sold - May 21, 2024
Entry-Level Multifamily
Built in 1975
$509/mo HOA
Fourplex
**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
MLS Number: A11543690
On Site: 928 Days
Updated: 21 Days ago
Page Views: 0

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

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          Price History

          Current
          $725K
          High
          $975K
          Low
          $725K
          Total Change
          -25.6%
          $1M$850K$695KMar 24Apr 24May 24
          Date
          Event
          Price
          Change
          Price Per
          05/21/2024
          Sold
          $725K
          -6.45%
          $764 ft2
          $8,223 m2
          04/09/2024
          Price Reduced
          $775K
          -20.51%
          $817 ft2
          $8,790 m2
          03/04/2024
          Listed
          $975K
           
          $1,027 ft2
          $11,059 m2
          05/21/2024
          $725K
          Event
          Sold
          Change
          -6.45%
          Price Per
          $764 ft2
          $8,223 m2
          04/09/2024
          $775K
          Event
          Price Reduced
          Change
          -20.51%
          Price Per
          $817 ft2
          $8,790 m2
          03/04/2024
          $975K
          Event
          Listed
          Price Per
          $1,027 ft2
          $11,059 m2
          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 .

          Listing Location & Street View
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          Scores

          Walk Score®
          Car-Dependent. Almost all errands require a car
          18

          100
          Transit Score®
          Some Transit. A few nearby public transportation options
          37

          100
          Bike Score®
          Bikeable. Some bike infrastructure
          60

          100
          Sound Score®
          Bearable noise
          81

          100
          Airport Score
          Close to airports. Noticeable airport activity
          0

          100
          Traffic Score
          Congested area. Frequent traffic delays
          25

          100
          Local Score
          Limited local amenities nearby
          0

          100
          Community Snapshot
          1 – 2 BR
          Bedrooms
          $135K – $219K
          Price Tier
          750 - 949
          SqFt Range
          1981
          Year Build
          3
          Total Floors

          Subdivision Amenities

          Barbecue
          Clubhouse
          Elevators
          Fitness Center
          Laundry
          Maintenance Grounds
          Parking
          Playground
          Pool
          Security
          Trash

          Tamarac
          Entry-Level
          Entry-Level Homes & Condos