Multifamily – 3 Unit Condo Portfolio in North Lauderdale, FL – 6.75% CAP Rate
Commercial Sale
Category: Multifamily
Price:$757,500
Location: North Lauderdale, FL
Year Built: 1988
Days on Market: 22
Description:
**6.75% CAP RATE** Introducing a 3 Unit (previously listed as 4- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 3 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. Units are rented between 2350-2400 per month! Monthly COA fee at Royale Gardens is just $390 (per unit) 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 3 UNITS TO ACCOMODATE BUYERS BUDGET.
3 UNIT CONDO PORTFOLIO IN THE SAME COMMUNITY OF ROYALE GARDENS!
Listing Code: 1075576781