**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!).
Property Type :
ResidentialIncome
Subdivision :
North Lauderdale Village
County :
Broward County
Style :
ResidentialIncome
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ByOwner last updated this listing 04/30/2024 @ 09:49
MLS: A11543633
LISTED BY: Mitchell Lvovsky, Cutting Edge Investments & Realty Inc
SOURCE: SEFMIAMI
Buyer Agency Compensation: 2.5%
Buyer Agency Description: BBC: 2.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.
