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7951 Southgate Blvd North Lauderdale, FL $ 2,250,000
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$ 2,250,000 Get more info
7951 Southgate Blvd
$ 2,250,000
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Share Save

7951 Southgate Blvd

North Lauderdale, FL, 33068
$ 2,250,000
Baths0.0 Sq 15,000

Monthly Estimate*

$ 14,954

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View a Virtual Tour
Studio

Commercial Property for sale in North Lauderdale, FL

for $2,250,000. This 15,000 square foot building was built in 1988 on a lot size of 0.573921.

**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. SELLER CAN SPLIT UP THE 9 UNIT PACKAGE TO ACCOMODATE BUYERS BUDGET.

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Commercial Active

Price

$ 2,250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,473

Style

Condominium

Lot Size

0.573921

Year Built

1988

Town/City

North Lauderdale

County/Region

Broward

MLS | Web ID

A11590788
Features
General
Heating Central Electric
Possession ClosingFunding
Roof Shingle
HOA 355.0
Construction Materials Block
Year Built 1988
Tenant Pays Electricity Water
Stories 2
Levels Two
Property SubType Condominium
Tax Year 2023
Building Name Royale Gardens Condominium
Assoc Fee Paid Per Monthly
County Broward County
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions CorporateListing
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
Lot Size Square Feet 25000.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Listing Terms Cash Conventional
Property Attached Y/N N
Year Built Details Unknown
Land Lease Y/N N
Tax Annual Amount 3473.0
Home Warranty Y/N N
Ok to Lease Item12Months
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/A11590788
Days on Market 24
Structure Type Apartment
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Condominium MultiFamily
Legal Description ROYALE GARDENS CONDO UNIT 8 BLDG F PER CDO BK/PG: 9974/397
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Interior
Flooring Tile
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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Exterior
Total Parking 14.0
Lot Size Area 25000.0
Number of Buildings 2
Spa N
Building Area Total 15000.0
Covered Spaces 0.0
Number of Separate Electric Meters 9
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 7951
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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
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/20/2024$2,250,000 Listed Price

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7951 Southgate Blvd, North Lauderdale, FL, 33068 is a Commercial Property for sale at $2,250,000 with 15,000 sqft and a lot size of 0.573921. 7951 Southgate Blvd is a studio with 0.0 baths and was built in 1988. The property's zip code is 33068 which is in North Lauderdale, FL

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