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Home61's Closings in
Margate
Amenities
Key features
Living area
N/A
Maintenance
$ 0
Tax
$ 3,473
Tenant Occupied
No
Parking Space
14
Floor #
0 / 2
Building
-
On market
119 days
$ /sqft
-
Type
apartment
Unit
-
Year Built
1984
Zip Code
33068
Ref./MLS ID
A11543645
DESCRIPTION
"6. 5-7% cap rate" introducing a 9 unit bulk condo portfolio sale- 9 condos in royale gardens condo in north lauderdale all units are rented to long-term tenants on annual leases and all units are well maintained. 8 of the 9 units have an extra 3rd room and are rented as 3/2's. One of them (vacant for showings) is 2/2. . Noi- $155,376 per year, gross rent roll- $247,560/y, roi- 6. 7% monthly coa fee at royale gardens is just $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 allows immediate renting and is investor-friendly(annual leases only!). (price reduction is due to this being a 14 unit originally-5 units are sold)
Data is provided by Miami Board of Realtors.
Public transportation
Cypress Creek
83 mins
Fort Lauderdale
83 mins
Deerfield Beach
104 mins
Pompano Beach
104 mins
Nearby School In Margate
Data Provided by greatschools.org
Neighborhood
Margate
- Margate
Listed on March 04, 2024 by Mitchell Lvovsky from Cutting Edge Investments & Realty Inc, this apartment is for sale. apartment for sale in Margate listed at $2,250,000, Reference A11543645
The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Miami Board of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Miami Board of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.