7910 N Colony Circle N, Tamarac, FL 33321
- $725,000
- 949
- SqFt
- Sold Price
- $725,000
- List Price
- $775,000
- Days on Market
- 50
- Closing Date
- May 21, 2024
- MLS#
- A11543690
- Year Built
- 1975
- Living Area
- 949
- MLS Area Major
- 3830
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
Additional Information
- Taxes
- $3,147
- Hoa Fee
- $509
- Utilities
- Cable Not Available
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Roof
- Shingle
Listing courtesy of Cutting Edge Investments & Realty Inc. Contact:
Selling Office: Encore International Realty LLC.