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7941 Southgate Blvd - Royale Gardens Condo Portfolio
1,010 SF Light Industrial Units Offered at £192,827 Per Unit in North Lauderdale, FL 33068
INVESTMENT HIGHLIGHTS
- Royale Gardens present four fully-rented condos as a portfolio offering.
- All units are in one condominium. The seller can split or leave as a portfolio based off buyer's budget.
- Overlooking the scenic Stranahan River off Southgate Boulevard.
- Easy to manage with very low monthly maintenance fees with reserves.
EXECUTIVE SUMMARY
**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. One Unit is rented for $2400, 2 are rented for $2350 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. The association allows immediate renting and is investor-friendly. All units are rented. The seller can split up the 3 units and sell less units to accommodate the buyer's budget - the price is pretty firm.
PROPERTY FACTS
| Price | £192,827 | Property Subtype | Apartment |
| Unit Size | 1,010 SF | Building Class | C |
| No. Units | 3 | Number of Floors | 2 |
| Total Building Size | 3,030 SF | Typical Floor Size | 1,515 SF |
| Property Type | Multifamily | Year Built | 1985 |
| Price | £192,827 |
| Unit Size | 1,010 SF |
| No. Units | 3 |
| Total Building Size | 3,030 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Number of Floors | 2 |
| Typical Floor Size | 1,515 SF |
| Year Built | 1985 |
3 UNITS AVAILABLE
Unit B1
| Unit Size | 1,010 SF | Unit Use | Light Industrial |
| Price | £192,827 | Sale Type | Investment |
| Price Per SF | £190.92 | No. Parking Spaces | 1 |
| Unit Size | 1,010 SF |
| Price | £192,827 |
| Price Per SF | £190.92 |
| Unit Use | Light Industrial |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
DESCRIPTION
**6.75% CAP RATE**
Each unit is $250,000. Introducing a 4-unit (previously listed as 8-units (price-decrease)) bulk condo portfolio sale in Royale Gardens Condos in North Lauderdale. All four condos are two-bed/ two-bath but have a third bedroom (association allows), and are rented as three-bed/ two-baths. All condos are in the Royale Gardens COA. For four of the rented units (one of them is currently vacant), the NOI is $68,304 per year, the gross rent roll is $109,560 per year, and ROI is 6.75%. Monthly COA fees at Royale Gardens is just $355, and include 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. The association allows immediate renting and is investor-friendly. All units are rented. The seller can split up the four units and sell less units to accommodate the buyer's budget - the price is firm.
SALE NOTES
**6.75% CAP RATE**
Each unit is $250,000. Introducing a 4-unit (previously listed as 8-units (price-decrease)) bulk condo portfolio sale in Royale Gardens Condos in North Lauderdale. All four condos are two-bed/ two-bath but have a third bedroom (association allows), and are rented as three-bed/ two-baths. All condos are in the Royale Gardens COA. For four of the rented units (one of them is currently vacant), the NOI is $68,304 per year, the gross rent roll is $109,560 per year, and ROI is 6.75%. Monthly COA fees at Royale Gardens is just $355, and include 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. The association allows immediate renting and is investor-friendly. All units are rented. The seller can split up the four units and sell less units to accommodate the buyer's budget - the price is firm.
Unit 8F
| Unit Size | 1,010 SF | Unit Use | Light Industrial |
| Price | £192,827 | Sale Type | Investment |
| Price Per SF | £190.92 |
| Unit Size | 1,010 SF |
| Price | £192,827 |
| Price Per SF | £190.92 |
| Unit Use | Light Industrial |
| Sale Type | Investment |
DESCRIPTION
**6.75% CAP RATE**
Each unit is $250,000. Introducing a 4-unit (previously listed as 8-units (price-decrease)) bulk condo portfolio sale in Royale Gardens Condos in North Lauderdale. All four condos are two-bed/ two-bath but have a third bedroom (association allows), and are rented as three-bed/ two-baths. All condos are in the Royale Gardens COA. For four of the rented units (one of them is currently vacant), the NOI is $68,304 per year, the gross rent roll is $109,560 per year, and ROI is 6.75%. Monthly COA fees at Royale Gardens is just $355, and include 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. The association allows immediate renting and is investor-friendly. All units are rented. The seller can split up the four units and sell less units to accommodate the buyer's budget - the price is firm.
SALE NOTES
**6.75% CAP RATE**
Each unit is $250,000. Introducing a 4-unit (previously listed as 8-units (price-decrease)) bulk condo portfolio sale in Royale Gardens Condos in North Lauderdale. All four condos are two-bed/ two-bath but have a third bedroom (association allows), and are rented as three-bed/ two-baths. All condos are in the Royale Gardens COA. For four of the rented units (one of them is currently vacant), the NOI is $68,304 per year, the gross rent roll is $109,560 per year, and ROI is 6.75%. Monthly COA fees at Royale Gardens is just $355, and include 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. The association allows immediate renting and is investor-friendly. All units are rented. The seller can split up the four units and sell less units to accommodate the buyer's budget - the price is firm.
Unit I3
| Unit Size | 1,010 SF | Unit Use | Light Industrial |
| Price | £192,827 | Sale Type | Investment |
| Price Per SF | £190.92 |
| Unit Size | 1,010 SF |
| Price | £192,827 |
| Price Per SF | £190.92 |
| Unit Use | Light Industrial |
| Sale Type | Investment |
DESCRIPTION
**6.75% CAP RATE**
Each unit is $250,000. Introducing a 4-unit (previously listed as 8-units (price-decrease)) bulk condo portfolio sale in Royale Gardens Condos in North Lauderdale. All four condos are two-bed/ two-bath but have a third bedroom (association allows), and are rented as three-bed/ two-baths. All condos are in the Royale Gardens COA. For four of the rented units (one of them is currently vacant), the NOI is $68,304 per year, the gross rent roll is $109,560 per year, and ROI is 6.75%. Monthly COA fees at Royale Gardens is just $355, and include 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. The association allows immediate renting and is investor-friendly. All units are rented. The seller can split up the four units and sell less units to accommodate the buyer's budget - the price is firm.
SALE NOTES
**6.75% CAP RATE**
Each unit is $250,000. Introducing a 4-unit (previously listed as 8-units (price-decrease)) bulk condo portfolio sale in Royale Gardens Condos in North Lauderdale. All four condos are two-bed/ two-bath but have a third bedroom (association allows), and are rented as three-bed/ two-baths. All condos are in the Royale Gardens COA. For four of the rented units (one of them is currently vacant), the NOI is $68,304 per year, the gross rent roll is $109,560 per year, and ROI is 6.75%. Monthly COA fees at Royale Gardens is just $355, and include 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. The association allows immediate renting and is investor-friendly. All units are rented. The seller can split up the four units and sell less units to accommodate the buyer's budget - the price is firm.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+2 | 3 | £1,832 | 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 Condo Portfolio
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