**6.9% CAP RATE** Introducing a 4 Unit Bulk Condo Portfolio (was PREVIOUSLY 5 BUT ONE IS SOLD) Sale in Versailles Gardens Condominium in Tamarac. 3 are 2/2's and 1 is a 1/1.5 All 4 CONDOS are rented to LONG-TERM tenants on annual leases & all units are well maintained. Many of the tenants are rented to Section 8 Tenants--- GUARANTEED RENT! NOI- $51,576 per year, Gross Rent Roll- $95,512/Y, ROI- 6.5% Monthly COA fee at Versailles Gardens is $509 and roofs and buildings were just painted a couple years ago! 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!).HAVE 9 OTHERS IN ANOTHER COA
Property Type :
ResidentialIncome
Subdivision :
Versailles Gardens
County :
Broward County
Style :
ResidentialIncome
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ByOwner last updated this listing 04/29/2024 @ 09:51
MLS: A11543690
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.
