Multifamily in Coral Springs, FL 33068Royale Gardens, 8061 Southgate Blvd
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Closed
1,010
SqFtStatus
Sold - May 01, 2025
Size
1,010 SqFt (94 m2)
Price
$683/SqFt ($7,354/m2)
Type
Multifamily
Built
1988
HOA
$390/MO
MLS Number
A11664393
On Site
717 Days
Updated
14 Days ago
Page Views
0
**6.75% CAP RATE** Introducing a 3 Unit (previously listed as 4- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 3 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. Units are rented between 2350-2400 per month! Monthly COA fee at Royale Gardens is just $390 (per unit) 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 3 UNITS TO ACCOMODATE BUYERS BUDGET.
One Unit is rented for $2400, 2 are rented for $2350
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
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2024-09-23T14:57:59.000-00:00
Taxes, Fees & More
- Taxes: 3473
Apples-to-Apples Comparables
Price History
Current
$690K
High
$1.3M
Low
$690K
Total Change
-44.8%Date
Event
Price
Change
Price Per
05/01/2025
Sold
$690K
-8.91%$683 ft2
$7,354 m2
02/24/2025
Price Reduced
$758K
-23.64%$750 ft2
$8,073 m2
01/23/2025
Price Reduced
$992K
-0.1%$982 ft2
$10,572 m2
12/12/2024
Price Reduced
$993K
-0.2%$983 ft2
$10,583 m2
11/21/2024
Price Reduced
$995K
-0.5%$985 ft2
$10,604 m2
11/06/2024
Price Reduced
$1000K
-20%$990 ft2
$10,657 m2
09/23/2024
Listed
$1.3M
$1,238 ft2
$13,322 m2
05/01/2025
$690K
Event
Sold
Change
-8.91%Price Per
$683 ft2
$7,354 m2
02/24/2025
$758K
Event
Price Reduced
Change
-23.64%Price Per
$750 ft2
$8,073 m2
01/23/2025
$992K
Event
Price Reduced
Change
-0.1%Price Per
$982 ft2
$10,572 m2
12/12/2024
$993K
Event
Price Reduced
Change
-0.2%Price Per
$983 ft2
$10,583 m2
11/21/2024
$995K
Event
Price Reduced
Change
-0.5%Price Per
$985 ft2
$10,604 m2
11/06/2024
$1000K
Event
Price Reduced
Change
-20%Price Per
$990 ft2
$10,657 m2
09/23/2024
$1.3M
Event
Listed
Price Per
$1,238 ft2
$13,322 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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