7910 N Colony Cir N, Tamarac FL 33321,Tamarac,Broward County,Residential Income

  • $975,000
7910 N Colony Cir N, Tamarac FL 33321
Residential Income Active

7910 N Colony Cir N, Tamarac FL 33321,Tamarac,Broward County,Residential Income

7910 N Colony Cir N, Tamarac FL 33321
  • $975,000

Overview

Property ID: A11543690
  • Quadruplex
  • Property Type
  • 949
  • Square Feet
  • 1975
  • Year Built

Description

**6.9% CAP RATE** Introducing a 5 Unit Bulk Condo Portfolio Sale in Versailles Gardens Condominium in Tamarac. 4 are 2/2’s and 1 is a 1/1.5 All units are rented to LONG-TERM tenants on annual leases and all units are well maintained. Many of the tenants are rented to Section 8 Tenants— GUARANTEED RENT! NOI- $67,056 per year, Gross Rent Roll- $125,712/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!). Also have 9 other condos in another community that can be sold

  • Address Colony Cir N
  • City Tamarac
  • State/county Broward County
  • Zip/Postal Code 33321
  • Area VERSAILLES GARDENS CONDO

Details

Updated on March 18, 2024 at 2:43 am
  • Property ID: A11543690
  • Price: $975,000
  • Property Size: 949 Square Feet
  • Year Built: 1975
  • Property Type: Quadruplex
  • Property Status: Residential Income

Additional details

  • StreetDirPrefix: N
  • PublicSurveyRange: 49
  • TaxLegalDescription: VERSAILLES GARDENS CONDO UNIT 102 BLDG 7 PER CDO BK/PG: 9894/478
  • Flooring: Tile
  • PhotosCount: 25
  • Cooling: Central Air
  • MIAMIRE_TypeofAssociation: Condo
  • BuildingName: VERSAILLES GARDENS CONDO
  • AssociationFeeFrequency: Monthly
  • MIAMIRE_AdjustedAreaSF: 949
  • PriceChangeTimestamp: 2024-03-04T15:08:01.627Z
  • MLSAreaMajor: Versailles Gardens Condo
  • TaxAnnualAmount: 3147
  • MIAMIRE_RATIO_CurrentPrice_By_SQFT: 1027.4
  • StreetNumber: 7910
  • StateOrProvince: FL
  • Roof: Shingle
  • ParkingTotal: 5
  • Stories: 2
  • ParcelNumber: 494109CB1520
  • OtherExpense: 0
  • Possession: Funding
  • IDXParticipationYN: 1
  • InternetAddressDisplayYN: 1
  • StoriesTotal: 2
  • NetOperatingIncome: 67056
  • StreetNumberNumeric: 7910
  • PostalCodePlus4: 8315
  • NumberOfUnitsInCommunity: 1
  • Sewer: Public Sewer
  • SyndicationRemarks: **6.9% CAP RATE** Introducing a 5 Unit Bulk Condo Portfolio Sale in Versailles Gardens Condominium in Tamarac. 4 are 2/2's and 1 is a 1/1.5 All units are rented to LONG-TERM tenants on annual leases and all units are well maintained. Many of the tenants are rented to Section 8 Tenants--- GUARANTEED RENT! NOI- $67,056 per year, Gross Rent Roll- $125,712/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!). Also have 9 other condos in another community that can be sold
  • Heating: Central
  • MIAMIRE_LPAmtSqFt: 1027.3973
  • StructureType: Quadruplex,Fourplex
  • BuildingAreaUnits: Square Feet
  • RentIncludes: Pool Maintenance,Sewer,Trash Collection,Water
  • LotFeatures: 1/4 To Less Than 1/2 Acre Lot
  • DocumentsAvailable: Deposit - Last Months Rent,Deposit - Security,Financial Statement
  • MIAMIRE_Style: Fourplex
  • NumberOfUnitsTotal: 5
  • AssociationFee: 509
  • LotSizeSquareFeet: 0
  • ArchitecturalStyle: Other
  • InternetConsumerCommentYN: 1

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