8041 Southgate Blvd North Lauderdale, FL 33068
FOR SALE - Active
$757,500
$2,250,000
(66.3%)
Overview
- Status: Active
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- Parking No info
- Size: 15,000 ft2/1,393.55 m2
- Price Per: $50.50 ft2/$543.58 m2
- Type: Commercial/Investment
- Built: 1988
- HOA: $390.00/MO
- MLS Number: A11590788
- View No info
- On Site: 224 days
- Updated: Listing Refreshed: 6 Days Ago
**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.
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 02/24/2025 | Price Reduced | $757,500.00 | 23.7% | $50.50 ft2/$543.58 m2 |
| 12/12/2024 | Price Reduced | $992,990.00 | 0.7% | $66.20 ft2/$712.56 m2 |
| 08/05/2024 | Price Reduced | $999,995.00 | 55.6% | $66.67 ft2/$717.59 m2 |
| 07/22/2024 | Listed | $2,250,000.00 | $150.00 ft2/$1,614.59 m2 |
Contact Information
Tracey Schmitt
Real Estate Advisor
Office: (305) 407-1657
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
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