$2,250,000 Price Analysis    ♡   North Lauderdale, FL 33068 26 bed 18 bath 1,010 SqFt ($2227/SqFt) Built 1988 Listed 2024-05-20, HOA $355, Taxes $2,518 | Ⓧ USDA Ineligible due to price & location near North Lauderdale |
6.5% CAP RATE Introducing a 9 Unit Bulk Condo Portfolio Sale in Royle 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 $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 and SELL LESS UNITS TO ACCOM BUYERS BUDGET
Presented by Mitchell Lvovsky at
Cutting Edge Investments & Realty Inc.
Property MLS #A11590774 from MiamiMLS
Full Bathrooms: 18
Heating Features: Central
Heating: Yes
Association Fee: 355
Association Fee Frequency: Monthly
Calculated Total Monthly Association Fees: 355
Bedrooms in Unit-2: 3
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Source Listing Status: Active
County: Broward County
Tax Year: 2023
Source Property Type: ResidentialIncome
MLS Area Minor: North Broward 441 To Everglades (3611-3642)
Source Neighborhood: ROYALE GARDENS CONDO
Parcel Number: 484134BB0120
Postal City: North Lauderdale
Postal Code Plus 4: 1141
Subdivision: ROYALE GARDENS CONDO
Zoning Description: RM-10
Property Subtype: Quadruplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $93,080 | $2,518 |
| 2021 | $unknown + $unknown $84,620 | $2,379 |
| 2020 | $unknown + $unknown $76,930 | $2,267 |
| 2019 | $unknown + $unknown $69,940 | $2,078 |
| 2018 | $unknown + $unknown $63,590 | $1,808 |
| 2017 | $59,720 + $6,640 $66,360 | $1,579 |
| 2016 | $56,480 + $6,280 $62,760 | $1,493 |
| 2015 | $43,010 + $4,780 $47,790 | $1,323 |
| 2014 | $44,630 + $4,960 $49,590 | $1,359 |
| 2013 | $unknown + $unknown $33,700 | $1,011 |
| 2012 | $unknown + $unknown $30,370 | $323 |
| 2011 | $unknown + $unknown $29,490 | $329 |
| 2010 | $unknown + $unknown $32,860 | $467 |
| 2008 | $unknown + $unknown $57,430 | $869 |
| 2007 | $unknown + $unknown $55,710 | $916 |
$0
MiamiMLS
Listed 2024-05-20
$2,250,000
MiamiMLS
Price Changed 2024-05-13
$2,250,000
MiamiMLS
Price Changed 2024-05-02
$2,275,000
MiamiMLS
Listed 2024-03-04
$2,295,000
MiamiMLS
Sold 2013-09-14
$50,750
MiamiMLS
Sold 2013-05-09
$50,800
Public Record
Listed 2013-04-19
$45,000
MiamiMLS
Sold 1996-07-08
$48,000
Public Record
Sold 1989-05-04
$55,300
Public Record
Sold 1989-04-01
$55,300
Public Record
Year Built: 1988
Building Area Total: 1010
Construction Materials: Block
Levels: Two
Property Age: 36
Roof: Shingle
Levels or Stories: 2
House Style: Fourplex
Year Built Details: Effective Year Built
Architectural Style: Fourplex
CableNotAvailable
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.