Multifamily in Coral Springs, FL 33068Royale Gardens, 7931 Southgate Blvd #8E
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OFF MARKET
1,010
SqFtStatus
OFF MARKETExpired
Size
1,010 SqFt (94 m2)
Price
$2,228/SqFt ($23,979/m2)
Type
Multifamily
Built
1984
HOA
$355/MO
MLS Number
A11543673
On Site
921 Days
Updated
851 Days ago
Page Views
0
**6.5% CAP RATE** Introducing a 9 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. 8 OF THE 9 UNITS HAVE AN EXTRA 3RD ROOM AND ARE RENTED AS 3/2's. One of them (vacant for showings) is 2/2. NOI- $155,376 per year, Gross Rent Roll- $247,560/Y, ROI- 6.5% 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 (annual leases only!). One Unit is vacant and available for showings. The other 8 are all rented. Excellent opportunity for the savvy investor
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: 1984
- Year Built Description: Effective Year Built
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2024-03-04T09:42:44.000-00:00
Taxes, Fees & More
- Taxes: 3473
Apples-to-Apples Comparables
Price History
Current
$2.3M
High
$2.3M
Low
$2.3M
Total Change
-2%Date
Event
Price
Change
Price Per
05/13/2024
Price Reduced
$2.3M
-1.1%$2,228 ft2
$23,979 m2
05/02/2024
Price Reduced
$2.3M
-0.87%$2,252 ft2
$24,246 m2
03/04/2024
Listed
$2.3M
$2,272 ft2
$24,459 m2
05/13/2024
$2.3M
Event
Price Reduced
Change
-1.1%Price Per
$2,228 ft2
$23,979 m2
05/02/2024
$2.3M
Event
Price Reduced
Change
-0.87%Price Per
$2,252 ft2
$24,246 m2
03/04/2024
$2.3M
Event
Listed
Price Per
$2,272 ft2
$24,459 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Mitchell Lvovsky • Cutting Edge Investments & Realty Inc • Buyer Agency Compensation .
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Scores
31
100
25
100
54
100
69
100
0
100
40
100
0
100
Community Snapshot
1,010 - 1,150
SqFt Range
1985
Year Build
2
Total Floors
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