Closed

Royale Gardens, 8061 Southgate Blvd, North Lauderdale, FL 33068

757,500(-8.91% )
$690,000Price
1,010SqFt

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Details

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Status:
Sold - May 01, 2025
Size: 1,010 SqFt (94 m2)
Price: $683/SqFt ($7,354/m2)
Type: Multi Family
Built: 1988
HOA: $390/MO
MLS Number: A11664393
On Site: 310 Days
Updated: 90 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

          Price History

          05/01/2025

          Date

          Sold

          Event

          $690K

          Price

          -8.91%

          Change Rate

          $683 ft2 / $7,354 m2

          Price Per

          02/24/2025

          Date

          Price Reduced

          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 Comps

          $100/ft²
          $300/ft²
          $500/ft²
          $800/ft²

          Unit 8061 Southgate Blvd – Asking

          $683/ft²

          (+182%) from Closed Medium $/ft²

          Closed Medium $/ft²

          $243/ft²
          Community $/Price Range (Closed) $228/ft² – $683/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.
          THINKING OF SELLING IN Royale Gardens at North Lauderdale?

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