Tamarac, FL 33321,7910 N Colony Cir N
$725,000
$775,000
6.5%
Est.Price: ?

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949 SqFt

7910 N Colony Cir N Tamarac, FL 33321

Est. payment /mo
SOLD DATE : 05/21/2024

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Key Details

Sold Price $725,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 949 sqft

Price per Sqft $763

Subdivision Versailles Gardens Condo

MLS Listing ID A11543690

Sold Date 05/21/24

Style Fourplex

Construction Status Effective Year Built

HOA Fees $509/mo

HOA Y/N Yes

Year Built 1975

Annual Tax Amount $3,147

Tax Year 2023

Contingent Association Approval

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

Location

State FL

County Broward County

Community Versailles Gardens Condo

Area 3830

Interior

Heating Central

Cooling Central Air

Flooring Tile

Exterior

Pool None

Utilities Available Cable Not Available

Roof Type Shingle

Total Parking Spaces 4

Building

Lot Description 1/4 to 1/2 Acre Lot

Story 2

Sewer Public Sewer

Architectural Style Fourplex

Level or Stories Two

Structure Type Block

Construction Status Effective Year Built

Others

Tax ID 494109CB1690

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash

Special Listing Condition Corporate Listing

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Listed by Cutting Edge Investments & Realty Inc
Bought with Encore International Realty LLC

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Herman Singh

Broker

+1(310) 625-6175

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