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7941 Southgate Blvd - Royale Gardens- 4 Condo Unit Portfolio
1,010 SF Flex Condo Units Offered at $250,000 Per Unit in North Lauderdale, FL 33068
Investment Highlights
- Fully Rented Portfolio
- All 5 units in one condominium! Seller can SPLIT up Portfolio to buyers budget!
- Easy to manage with very low montly maintenance fees with RESERVES
Executive Summary
**6.75% CAP RATE** EACH unit is $250,000! Introducing a 4 Unit (previously listed as 8- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. For 4 of the RENTED Units (1 of them is currently vacant) NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75% 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. All units are rented. SELLER CAN SPLIT UP THE 4 UNITS & SELL LESS UNITS TO ACCOM BUYERS BUDGET. PRICE IS FIRM!
Property Facts
| Price | $250,000 | Property Subtype | Apartment |
| Unit Size | 1,010 SF | Building Class | C |
| No. Units | 4 | Floors | 2 |
| Total Building Size | 9,090 SF | Typical Floor Size | 4,545 SF |
| Property Type | Multifamily | Year Built | 1989 |
| Price | $250,000 |
| Unit Size | 1,010 SF |
| No. Units | 4 |
| Total Building Size | 9,090 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 4,545 SF |
| Year Built | 1989 |
4 Units Available
Unit B1
| Unit Size | 1,010 SF | Condo Use | Flex |
| Price | $250,000 | Sale Type | Investment |
| Price Per SF | $247.52 | No. Parking Spaces | 1 |
| Unit Size | 1,010 SF |
| Price | $250,000 |
| Price Per SF | $247.52 |
| Condo Use | Flex |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
Description
**6.75% CAP RATE** Introducing a 4 Unit (previously listed as 8- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75% 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. All units are rented. SELLER CAN SPLIT UP THE 4 UNITS TO ACCOMODATE BUYERS BUDGET
Sale Notes
**6.75% CAP RATE** Introducing a 4 Unit (previously listed as 8- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75% 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. All units are rented. SELLER CAN SPLIT UP THE 4 UNITS TO ACCOMODATE BUYERS BUDGET Roofs were replaced in recent years. Please ask for rent roll and view attachments for more info on the portfolio
Unit 8F
| Unit Size | 1,010 SF | Condo Use | Flex |
| Price | $250,000 | Sale Type | Investment |
| Price Per SF | $247.52 |
| Unit Size | 1,010 SF |
| Price | $250,000 |
| Price Per SF | $247.52 |
| Condo Use | Flex |
| Sale Type | Investment |
Description
**6.75% CAP RATE** Introducing a 4 Unit (previously listed as 8- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75% 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. All units are rented. SELLER CAN SPLIT UP THE 4 UNITS TO ACCOMODATE BUYERS BUDGET
Sale Notes
**6.75% CAP RATE** Introducing a 4 Unit (previously listed as 8- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75% 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. All units are rented. SELLER CAN SPLIT UP THE 4 UNITS TO ACCOMODATE BUYERS BUDGET
Unit H5
| Unit Size | 1,010 SF | Condo Use | Flex |
| Price | $250,000 | Sale Type | Investment |
| Price Per SF | $247.52 |
| Unit Size | 1,010 SF |
| Price | $250,000 |
| Price Per SF | $247.52 |
| Condo Use | Flex |
| Sale Type | Investment |
Description
**6.75% CAP RATE** Introducing a 4 Unit (previously listed as 8- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75% 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. All units are rented. SELLER CAN SPLIT UP THE 4 UNITS TO ACCOMODATE BUYERS BUDGET
Sale Notes
**6.75% CAP RATE** Introducing a 4 Unit (previously listed as 8- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75% 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. All units are rented. SELLER CAN SPLIT UP THE 4 UNITS TO ACCOMODATE BUYERS BUDGET
Unit I3
| Unit Size | 1,010 SF | Condo Use | Flex |
| Price | $250,000 | Sale Type | Investment |
| Price Per SF | $247.52 |
| Unit Size | 1,010 SF |
| Price | $250,000 |
| Price Per SF | $247.52 |
| Condo Use | Flex |
| Sale Type | Investment |
Description
**6.75% CAP RATE** Introducing a 4 Unit (previously listed as 8- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75% 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. All units are rented. SELLER CAN SPLIT UP THE 4 UNITS TO ACCOMODATE BUYERS BUDGET
Sale Notes
**6.75% CAP RATE** Introducing a 4 Unit (previously listed as 8- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75% 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. All units are rented. SELLER CAN SPLIT UP THE 4 UNITS TO ACCOMODATE BUYERS BUDGET
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 9 | $2,300 | 1,010 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Granite Countertops
- Refrigerator
- Range
Site Amenities
- Pool
zoning
| Zoning Code | RM (Residential Multi-Family) |
| RM (Residential Multi-Family) |
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7941 Southgate Blvd - Royale Gardens- 4 Condo Unit Portfolio
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