Pending

Royale Gardens, 8061 Southgate Blvd North Lauderdale, FL 33068

991,990(-23.64% )
$757,500Price
1,010SqFt

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Size: 1,010 ft2 / 94 m2
Price: $750 ft2 / $8,073 m2
Built: 1988
HOA: $390/MO
MLS Number: A11664393
On Site: 198 Days
Updated: 5 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

Price History

02/24/2025

Date

Sold

Event

$757.5K

Price

-23.64%

Change Rate

$750 ft2 / $8,073 m2

Price Per

01/23/2025

Date

Price Reduced

Event

$992K

Price

-0.1%

Change Rate

$982 ft2 / $10,572 m2

Price Per

12/12/2024

Date

Price Reduced

Event

$993K

Price

-0.2%

Change Rate

$983 ft2 / $10,583 m2

Price Per

11/21/2024

Date

Price Reduced

Event

$995K

Price

-0.5%

Change Rate

$985 ft2 / $10,604 m2

Price Per

11/06/2024

Date

Price Reduced

Event

$1000K

Price

-20%

Change Rate

$990 ft2 / $10,657 m2

Price Per

09/23/2024

Date

Listed

Event

$1.3M

Price

$1,238 ft2 / $13,322 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 8061 Southgate Blvd – Asking

$750/ft²

(+209%) from Closed Medium $/ft²

Closed Medium $/ft²

$243/ft²
Community $/Price Range (Closed) $233/ft² – $248/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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