1 month on rocket

7931 Southgate Blvd, North Lauderdale, FL, 33068

$2,295,000

Home List Price

$10,000*

Closing Credit

0 Baths
1,010 SqFt
$2,272/SqFt
Multi
Schools Nearby

Location

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7931 Southgate Blvd, North Lauderdale$2,295,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1984
HeatingCentral
CoolingCentral Air
MLS #A11543673
StatusActive

About 7931 Southgate Blvd

**6.5% CAP RATE** Introducing a 9 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All units are rented to LONG-TERM tenants on annual leases and all units are well maintained. Many of the tenants are rented to Section 8 Tenants--- GUARANTEED RENT! 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!). Also have 4 other condos in another community that can be sold with these for 13 units total.

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1984
  • Stories: 2
  • Living Area: 1,010 SqFt

Listing Office:

  • Office Name: Cutting Edge Investments & Realty Inc
  • Office Phone: (954) 547-1962
  • Listing Agent: Mitchell Lvovsky

Interior Features

Interior Information:

  • Flooring Type: Tile

Virtual/3D Tour

  • Virtual Tour: 7931 Southgate Blvd

Virtual Tour

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Coconut Creek High School, Public District Grades 9-12
  • Silver Lakes Middle School, Public Magnet Grades 6-8
  • Morrow Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,295,000
  • Price Per SqFt: $2,272/SqFt

HOA Fees:

  • Amount: $355
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in North Lauderdale, FL.

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North Lauderdale, FL

City

Med. Sold Price

$338K

Med. Price/SqFt

$261

Avg. Days On Market

44

# of Sold Homes

11

7931 Southgate Blvd vs North Lauderdale

58 DAYS ON ROCKET

+14 Days

$2,295,000

+$1.9M More

$2,272/SqFt

+$2K More

KEY TAKEAWAY

This property is $1.9M more than the Median Sold Price and $2K/SqFt more than other homes in North Lauderdale, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11543673

Listing Office:

  • Office Name: Cutting Edge Investments & Realty Inc
  • Office Phone: (954) 547-1962
  • Listing Agent: Mitchell Lvovsky

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2024, 4:45:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$11.8K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,947

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4421949
6
/10

  • Morrow Elementary School

  • 408 SW 76th Ter

  • 0.47 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4421950
2
/10

  • Silver Lakes Middle School

  • 7600 Tam Oshanter Blvd

  • 1.12 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-4421951
2
/10

  • Coconut Creek High School

  • 1400 NW 44th Ave

  • 3.40 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,783. Most North Lauderdale, FL residents have annual incomes between $35k-100k. Typical family type is married, with kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Broward County›North Lauderdale›33068›7931 Southgate Blvd

This home is located at 7931 Southgate Blvd in North Lauderdale, FL and zip code 33068. This 1,010 square foot home was built in 1984. It has been listed on Rocket Homes since March 04, 2024 and is currently priced at $2,295,000.

In April 2024, from all listings sold in North Lauderdale, FL there were more than 6 sold above asking price, over 3 sold below and more than 2 were sold right at the asked price. The number of homes for sale in North Lauderdale, FL increased by 20% between March 2024 and April 2024. In April 2024 median list price was $338,000 and the average listing age was 44 days.

From Rocket Homes Real Estate and based on county public records data.

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