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Home61's Closings in
Margate
Amenities
Key features
Living area
1,010 sqft
Maintenance
$ 0
Tax
$3,473 (2023)
Tenant Occupied
No
Parking Space
4
Floor #
0 / 2
Building
ROYALE GARDENS CONDO
On market
65 days
$ /sqft
$ 985
Type
apartment
Unit
-
Year Built
1988
Zip Code
33068
Ref./MLS ID
A11664393
DESCRIPTION
"6. 75% cap rate" introducing a 4 unit bulk condo portfolio sale in royale gardens condo in north lauderdale. All 4 condos are 2/2s but have a 3rd room (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%. . 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 4 units to accom buyers budget
one unit is rented for $2400, 2 are rented for $2350 and 1 is vacant for showing.
Data is provided by Miami Board of Realtors.
Public transportation
Cypress Creek
85 mins
Fort Lauderdale
85 mins
Deerfield Beach
105 mins
Pompano Beach
105 mins
Nearby School In Margate
Data Provided by greatschools.org
Neighborhood
Margate
- Margate
Listed on September 23, 2024 by Mitchell Lvovsky from Cutting Edge Investments & Realty Inc, this apartment is for sale. apartment for sale in Margate listed at $994,990, Reference A11664393
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.