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8041 Southgate Blvd North Lauderdale, FL 33068
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Key Details
Sold Price $690,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 15,000 sqft
Price per Sqft $46
MLS Listing ID A11590788
Sold Date 05/01/25
Construction Status Unknown
HOA Fees $390/mo
HOA Y/N Yes
Year Built 1988
Annual Tax Amount $3,473
Tax Year 2024
Contingent Pending Inspections
Lot Size 0.574 Acres
Property Sub-Type Condominium
Property Description
**6.75% CAP RATE** Introducing a 3 Unit (previously listed as 4- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 3 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. Units are rented between 2350-2400 per month! Monthly COA fee at Royale Gardens is just $390 (per unit) 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 3 UNITS TO ACCOMODATE BUYERS BUDGET.
Location
State FL
County Broward
Area 3642
Interior
Heating Central, Electric
Flooring Tile
Exterior
Roof Type Shingle
Total Parking Spaces 8
Private Pool Yes
Building
Story 2
Level or Stories Two
Structure Type Block
Construction Status Unknown
Others
Tax ID 484134AK0130
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Corporate Listing
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Bought with Miami New Realty