**6.5-7% CAP RATE** Introducing a 13 Unit Bulk Condo Portfolio Sale- 12 of 13 units are 2/2's and 1 unit is a 1/1.5. 9 Condos in Royale Gardens Condo in North Lauderdale and 4 Condos in Versailles Gardens Condo in Tamarac. 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- $223,000 per year, Gross Rent Roll- $370,032/Y, ROI- 6.8% 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. BOTH Associations allow immediate renting and are investor-friendly (annual leases only!).
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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
6
/10
Morrow Elementary School
408 SW 76th Ter
Distance between this listing and this school0.50 miles
Public District Grades PK-5
Middle School
2
/10
Silver Lakes Middle School
7600 Tam Oshanter Blvd
Distance between this listing and this school1.13 miles
Public Magnet Grades 6-8
High School
2
/10
Coconut Creek High School
1400 NW 44th Ave
Distance between this listing and this school3.45 miles
Public District Grades 9-12
Assigned Schools
6
/10
Morrow Elementary School
408 SW 76th Ter
Distance between this listing and this school0.50 miles
Public District Grades PK-5
Nearby Schools
5
/10
North Lauderdale Elementary School
7500 Kimberly Blvd
Distance between this listing and this school1.00 miles
Public District Grades PK-8
4
/10
Atlantic West Elementary School
301 NW 69th Ter
Distance between this listing and this school1.04 miles
Public District Grades KG-5
Assigned Schools
2
/10
Silver Lakes Middle School
7600 Tam Oshanter Blvd
Distance between this listing and this school1.13 miles
Public Magnet Grades 6-8
Nearby Schools
5
/10
Ramblewood Middle School
8505 W Atlantic Blvd
Distance between this listing and this school0.60 miles
Public District Grades 6-8
4
/10
Somerset Preparatory Academy Charter School at North Lauderdale Campus
7101 Kimberly Blvd
Distance between this listing and this school1.08 miles
Public Charter Grades KG-8
Assigned Schools
2
/10
Coconut Creek High School
1400 NW 44th Ave
Distance between this listing and this school3.45 miles
Public District Grades 9-12
Nearby Schools
3
/10
Somerset Preparatory Academy Charter High North Lauderdale Campus
7101 Kimberly Blvd
Distance between this listing and this school1.08 miles
Public Charter Grades 9-12
4
/10
J. P. Taravella High School
10600 Riverside Dr
Distance between this listing and this school2.06 miles
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.
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This home is located at 7951 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 $3,070,000.
In April 2024 more than 6 listings in North Lauderdale, FL were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 3 were sold below. In April 2024 in North Lauderdale, FL there were 20% more homes for sale than in March 2024. While the average time on the market in April 2024 was 44 days, the median list price was $338,000.
From Rocket Homes Real Estate and based on county public records data.
© 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.
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