7941 Southgate Boulevard North Lauderdale, FL $ 2,250,000
7941 Southgate Boulevard
$ 2,250,000
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7941 Southgate Boulevard

North Lauderdale, FL, 33068
$ 2,250,000
Bedrooms26 Baths18.0 Sq 1,010

Monthly Estimate*

$ 14,954

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Multi-Family Home for sale in North Lauderdale, FL

for $2,250,000 with 26 bedrooms and 18 full baths. This 1,010 square foot home was built in 1988.

**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. ALL 9 CONDOS ARE IN THE SAME COMMUNITY- ROYALE GARDENS! 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. One Unit is vacant and available for showings. The other 8 are all rented. SELLER CAN SPLIT UP THE 9 UNITS & SELL LESS UNITS TO ACCOM BUYERS BUDGET

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Multi-Family Active

Price

$ 2,250,000

Bedrooms

26

Full Bath

18

Property Type

Multi-Family

Taxes

$ 3,473

Style

Fourplex

Year Built

1988

Town/City

North Lauderdale

County/Region

Broward

MLS | Web ID

A11590774

Features
General
Sewer PublicSewer
Heating Central
Cooling CentralAir
Utilities CableNotAvailable
Possession ClosingFunding
Roof Shingle
HOA 355.0
Architectural Style Fourplex
Pool Features None
Construction Materials Block
Year Built 1988
Stories 2
Levels Two
Property SubType Quadruplex
Tax Year 2023
Assoc Fee Paid Per Monthly
County Broward County
Net Operating Income 155376.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name ROYALE GARDENS CONDO
Garage Y/N N
Rent Includes Pool TrashCollection
Special Listing Conditions CorporateListing ListedAsIs
Status Active
City North Lauderdale
View Y/N N
Senior Community Y/N N
Zoning Description RM-10
MLS Area 3642
Lot Size Units SquareFeet
Private Pool N
Waterfront Y/N N
Carport Y/N N
Listing Terms Cash Conventional
Property Attached Y/N N
Year Built Details Effective Year Built
Land Lease Y/N N
Tax Annual Amount 3473.0
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor North Broward 441 To Everglades (3611-3642)
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11590774
Days on Market 24
Standard Status Active
Occupancy Type Tenant
Total Actual Rent 247560.0
Property Sub Type Additional Quadruplex
Legal Description ROYALE GARDENS CONDO UNIT 12 BLDG A PER CDO BK/PG: 9974/397
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Interior
Flooring Tile
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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Exterior
Lot Features Item14to12AcreLot
Total Parking 9.0
Spa N
Building Area Total 1010.0
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 7941
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* Excluded Features
List By
Cutting Edge Investments & Realty Inc

Broker

mlvovsky89@gmail.com

Email

Affordability Calculator

$15,244
Per Month
98%
2%
0%
Monthly Principal & Interest
$14,954
Monthly Property Taxes
$289
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/20/2024$2,250,000 Listed Price

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7941 Southgate Boulevard, North Lauderdale, FL, 33068 is a Multi-Family Home for sale at $2,250,000 with 1,010 sqft. 7941 Southgate Boulevard has 26 bedrooms, 18.0 baths, and was built in 1988. The property's zip code is 33068 which is in North Lauderdale, FL