**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.
One Unit is rented for $2400, 2 are rented for $2350
1,010 Sq Ft
Investment
$390 Monthly Maintenance/CC
$3,473 Annual Tax
Built in 1988
MLS/Listing ID A11664393
ROYALE GARDENS CONDO
2 Stories
3 Units
Listing Courtesy of CUTTING EDGE INVESTMENTS & REALTY INC, MITCHELL LVOVSKY
Source of Data: MIAMI ASSOCIATION OF REALTORS