Overview
- Updated On:
- October 12, 2024
- 1,010 ft2
Description
**6.75% CAP RATE** Introducing a 5 Unit Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 5 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA (community has total of 144 units). 4 units from the SAME seller have a NOI- $68,304 per year, Gross Rent Roll- $109,560/Y, ROI- 6.75%.. The 5TH Unit is rented for $2,000 p/m. Monthly COA fee at Royale Gardens is just $355 and includes reserves! This is an incredible opportunity for the savvy investor looking to add excellent-performing units, EASY to manage with 6-7% RETURNS. ROOFS REPLACED IN 2022! Association allow immed renting & is investor-friendly. SELLERS CAN SPLIT UP THE 5 UNITS TO ACCOM BUYERS BUDGET AS EACH CONDO HAS IT’S OWN FOLIO.
- Principal and Interest
- Property Tax
- HOA fee
