Multifamily in Coral Springs, FL 33068Royale Gardens, 7941 Southgate Blvd #12A
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OFF MARKET
1,010
SqFtStatus
OFF MARKETExpired
Size
1,010 SqFt (94 m2)
Price
$990/SqFt ($10,657/m2)
Type
Multifamily
Built
1988
HOA
$355/MO
MLS Number
A11590774
On Site
844 Days
Updated
732 Days ago
Page Views
0
**6.75% CAP RATE** Introducing a 4 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75% 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. All units are rented. SELLER CAN SPLIT UP THE 4 UNITS TO ACCOMODATE BUYERS BUDGET... ALSO HAVE A 5TH UNIT AVAILABLE AND LISTED- INQUIRE TODAY!
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: 1988
- Year Built Description: Effective Year Built
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2024-05-20T09:32:58.000-00:00
Taxes, Fees & More
- Taxes: 3473
Apples-to-Apples Comparables
Price History
Current
$1000K
High
$2.3M
Low
$1000K
Total Change
-55.6%Date
Event
Price
Change
Price Per
08/05/2024
Price Reduced
$1000K
-50.5%$990 ft2
$10,657 m2
06/24/2024
Price Reduced
$2M
-10.22%$2,000 ft2
$21,528 m2
05/20/2024
Listed
$2.3M
$2,228 ft2
$23,979 m2
08/05/2024
$1000K
Event
Price Reduced
Change
-50.5%Price Per
$990 ft2
$10,657 m2
06/24/2024
$2M
Event
Price Reduced
Change
-10.22%Price Per
$2,000 ft2
$21,528 m2
05/20/2024
$2.3M
Event
Listed
Price Per
$2,228 ft2
$23,979 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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