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8041 Southgate Blvd, North Lauderdale, FL – $999,995

  • $1000k Price
  • 85 DOM
  • $1000k Price
  • 85 DOM

8041 Southgate Blvd

**6.75% CAP RATE** Introducing a 4 Unit (previously listed as 8- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 4 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. 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 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 4 UNITS TO ACCOMODATE BUYERS BUDGET

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Essential Information

  • MLS® #A11590788
  • Price$999,995
  • Bathrooms0.00
  • Year Built1988
  • TypeResidential
  • Sub-TypeCondominium
  • StatusActive

Community Information

  • Address8041 Southgate Blvd
  • Area3642
  • CityNorth Lauderdale
  • CountyBroward County
  • StateFL
  • Zip Code33068-1141

Interior

  • InteriorTile
  • HeatingCentral, Electric
  • # of Stories2
  • StoriesTwo

Exterior

  • RoofShingle
  • ConstructionBlock

Additional Information

  • Date ListedMay 20th, 2024
  • HOA Fees355
  • HOA Fees Freq.Monthly

Listing Courtesy of

Cutting Edge Investments & Realty Inc

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Price Change History for 8041 Southgate Blvd, North Lauderdale, FL (MLS® #A11590788)

Date Details Change
Price Reduced from $2,020,000 to $999,995 $1,020,005 (50.50%)
Price Reduced from $2,205,000 to $2,020,000 $185,000 (8.39%)
Price Reduced from $2,250,000 to $2,205,000 $45,000 (2.00%)