Overview
- 949
- 1975
Property Details
Updated on May 14, 2024 at 9:36 am- Property ID: A11543690
- Price: $775,000.00
- Property Size: 949 sqft
- Year Built: 1975
- Property Status: For Sale
- Office Name: Cutting Edge Investments & Realty Inc
Additional details
- Property Sub Type: Quadruplex
- Style: Quadruplex, Fourplex
- Building Name: VERSAILLES GARDENS CONDO
- Condition: Effective Year Built
- Floor Description: Tile
- Parking: 4
- Roof: Shingle
- Heating features: Central
- Cooling features: Central Air
- Sewer: Public Sewer
- Construction Materials: CBS Construction
- Stories: 2
- Stories Total: 2
- Unit Design: Other
- Assoc. Fee: $509
- Assoc Fee Paid Per: Monthly
- Tax Amount: $3147
- Tax Year: 2023
- Lot Description: 1/4 To Less Than 1/2 Acre Lot
- Parcel N°: 494109CB1690
- County: Broward County
- Terms Considered: All Cash, Conventional
- Original List Price: $975000
- Status: Pending
Property Description
**6.9% CAP RATE** Introducing a 4 Unit Bulk Condo Portfolio (was PREVIOUSLY 5 BUT ONE IS SOLD) Sale in Versailles Gardens Condominium in Tamarac. 3 are 2/2’s and 1 is a 1/1.5 All 4 CONDOS are rented to LONG-TERM tenants on annual leases & all units are well maintained. Many of the tenants are rented to Section 8 Tenants— GUARANTEED RENT! NOI- $51,576 per year, Gross Rent Roll- $95,512/Y, ROI- 6.5% Monthly COA fee at Versailles Gardens is $509 and roofs and buildings were just painted a couple years ago! 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 (annual leases only!).HAVE 9 OTHERS IN ANOTHER COA
Address
Open on Google Maps- Address Colony Cir N
- City Tamarac
- State/county Florida
- Zip/Postal Code 33321
- Country United States
All information provided is deemed reliable but is NOT guaranteed accurate, and should be independently verified.
Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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