26 days on rocket

7941 Southgate Blvd, North Lauderdale, FL, 33068

$2,250,000

Home List Price

$10,000*

Closing Credit

0 Baths
1,010 SqFt
$2,228/SqFt
Multi
Schools Nearby

Location

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7941 Southgate Blvd, North Lauderdale$2,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1988
HeatingCentral
CoolingCentral Air
MLS #A11590774
StatusActive

About 7941 Southgate Blvd

**6.5% CAP RATE** Introducing a 9 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. 8 OF THE 9 UNITS HAVE AN EXTRA 3RD ROOM AND ARE RENTED AS 3/2's. ALL 9 CONDOS ARE IN THE SAME COMMUNITY- ROYALE GARDENS! One of them (vacant for showings) is 2/2. 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. One Unit is vacant and available for showings. The other 8 are all rented. SELLER CAN SPLIT UP THE 9 UNITS & SELL LESS UNITS TO ACCOM BUYERS BUDGET

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1988
  • 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: 7941 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: $2,250,000
  • Price Per SqFt: $2,228/SqFt

HOA Fees:

  • Amount: $355
  • Frequency: Monthly
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MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11590774

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: 6/16/2024, 12:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$11.6K

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,812

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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-1519568
5
/10

  • Morrow Elementary School

  • 408 SW 76th Ter

  • 0.55 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1519569
3
/10

  • Silver Lakes Middle School

  • 7600 Tam Oshanter Blvd

  • 1.18 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-1519570
3
/10

  • Coconut Creek High School

  • 1400 NW 44th Ave

  • 3.47 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Broward County›North Lauderdale›33068›7941 Southgate Blvd

This home is located at 7941 Southgate Blvd in North Lauderdale, FL and zip code 33068. This 1,010 square foot home was built in 1988. It has been listed on Rocket Homes since May 20, 2024 and is currently priced at $2,250,000.

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

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