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Key Details
Sold Price $690,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,010 sqft
Price per Sqft $683
Subdivision Royale Gardens Condo
MLS Listing ID A11664393
Sold Date 05/01/25
Construction Status Effective Year Built
HOA Fees $390/mo
HOA Y/N Yes
Year Built 1988
Annual Tax Amount $3,473
Tax Year 2023
Contingent Pending Inspections
Property Sub-Type Triplex
Property Description
**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
Location
State FL
County Broward
Community Royale Gardens Condo
Area 3642
Interior
Heating Central
Cooling Central Air
Flooring Tile
Exterior
Pool None
Utilities Available Cable Not Available
Roof Type Shingle
Total Parking Spaces 3
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 2
Sewer Public Sewer
Level or Stories Two
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 484134BA0031
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Corporate Listing, Listed As-Is
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Bought with Miami New Realty