**6.75% CAP RATE** Introducing a 4 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd room (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA (community has total of 144 units). 4 units from the SAME seller have a 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! This is an incredible opportunity for the savvy investor looking to add excellent-performing units, EASY to manage with 6-7% RETURNS. ROOFS REPLACED IN 2022! Association allow immed renting & is investor-friendly. SELLERS CAN SPLIT UP THE 4 UNITS TO ACCOM BUYERS BUDGET One Unit is rented for $2400, 2 are rented for $2350 and 1 is vacant for showing.
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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.
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Nearby Schools
5
/10
Morrow Elementary School
408 SW 76th Ter
Distance between this listing and this school0.59 miles
Public District Grades PK-5
5
/10
North Lauderdale PK-8 School
7500 Kimberly Blvd
Distance between this listing and this school1.05 miles
Public District Grades PK-5
8
/10
Panacea Preparatory Charter School
201 N University Dr
Distance between this listing and this school1.05 miles
Public Charter Grades KG-5
Nearby Schools
6
/10
Ramblewood Middle School
8505 W Atlantic Blvd
Distance between this listing and this school0.58 miles
Public District Grades 6-8
5
/10
Eagles Nest Middle Charter School
201 N University Dr
Distance between this listing and this school1.05 miles
Public Charter Grades 6-8
8
/10
Renaissance Charter School at University
8399 N University Dr
Distance between this listing and this school1.10 miles
Public Charter Grades KG-8
Nearby Schools
4
/10
Somerset Preparatory Academy Charter High North Lauderdale Campus
7101 Kimberly Blvd
Distance between this listing and this school1.18 miles
Public Charter Grades 9-12
4
/10
J. P. Taravella High School
10600 Riverside Dr
Distance between this listing and this school1.97 miles
Public District Grades 9-12
2
/10
Ascend Career Academy
5251 Coconut Creek Pkwy
Distance between this listing and this school2.70 miles
The neighbors living near this home have an average income of $53,783. Typical income of North Lauderdale, FL residents is between $35k-100k annually. The majority of families are married, with kids. Most residents in this area have high school diploma education.
This home is located at 8061 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 September 24, 2024 and is currently priced at $994,990.
In October 2024 more than 9 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 5 were sold below. Between September 2024 and October 2024, North Lauderdale, FL real estate market has seen increase in the number of listings by 7.1%. In October 2024 median list price was $350,500 and the average listing age was 32 days.
From Rocket Homes Real Estate and based on county public records data.