Overview

Description

**6.5% CAP RATE** Introducing a 9 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. 8 OF THE 9 UNITS HAVE AN EXTRA 3RD ROOM AND ARE RENTED AS 3/2's. One of them (vacant for showings) is 2/2. NOI- $155,376 per year, Gross Rent Roll- $247,560/Y, ROI- 6.5% 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. Association allow immediate renting and are investor-friendly (annual leases only!). One Unit is vacant and available for showings. The other 8 are all rented. Excellent opportunity for the savvy investor

Highlights

• Lot Features: 1/4 To Less Than 1/2 Acre Lot
• Documents Available: Deposit Held, Deposit - Last Months Rent, Deposit - Security, Investment Analysis, Copy Of Lease(S)
• Architectural Style: Other
• Cooling: Central Air
• Heating: Central
• Flooring: Tile
• Construction Materials: CBS Construction
• Buyer Agency Compensation: 2.5%

This listing was syndicated through:

Listing ID: A11543673

Location

Gallery