Property Attributes
- MLS#A11543690
- TypeContingent
- CountyBROWARD
- CityTamarac
- Area3830
- NeighborhoodVERSAILLES GARDENS CONDO
- Zip33321
- StyleFourplex
- Year Built1975
- Taxes$ 3147
- Price$ 775,000
- Bedrooms6
- Full Bathrooms6
- Half Bathrooms0
- Sqr Footage949
Data Source:
Southeast Florida MLS (SEFMLS)
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
Price History | |
---|---|
3/4/2024 | Listed $975,000 |
4/9/2024 | 21% - $775,000 |
General Features
Sewer | PublicSewer |
---|---|
Heating | Central |
Cooling | CentralAir |
Utilities | CableNotAvailable |
Possession | ClosingFunding |
Roof | Shingle |
HOA | 509.0 |
Architectural Style | Fourplex |
Pool Features | None |
Construction Materials | Block |
Year Built | 1975 |
Stories | 2 |
Levels | Two |
Property SubType | Quadruplex |
Tax Year | 2023 |
Assoc Fee Paid Per | Monthly |
County | Broward County |
Net Operating Income | 51576.0 |
New Construction | No |
Property Type | ResidentialIncome |
HOA / Comm Assn | No |
Attached Garage | No |
Contingency | Pending Inspections |
Subdivision Name | VERSAILLES GARDENS CONDO |
Garage Y/N | No |
Rent Includes | Pool,Sewer,TrashCollection,Water |
Special Listing Conditions | CorporateListing |
Status | ActiveUnderContract |
City | Tamarac |
Buyer Agent Compensation | 2.5% |
View Y/N | No |
Senior Community Y/N | No |
Zoning Description | R-3 |
MLS Area | 3830 |
Private Pool | No |
Waterfront Y/N | No |
Carport Y/N | No |
Street Name | Colony Cir N |
Listing Terms | Cash,Conventional |
Property Attached Y/N | No |
Year Built Details | Effective Year Built |
Land Lease Y/N | No |
Tax Annual Amount | 3147.0 |
Home Warranty Y/N | No |
Lease Renewal Y/N | No |
MLS Area Minor | Tamarac/Snrs/Lderhl (3650-3670;3730-3750;3820-3850 |
Additional Parcels Y/N | No |
Lease Considered Y/N | No |
Rent Control Y/N | No |
Virtual Tour | https://www.propertypanorama.com/instaview/mia/A11543690 |
Days on Market | 53 |
Standard Status | ActiveUnderContract |
Occupancy Description | Tenant |
Total Actual Rent | 97512.0 |
Property Sub Type Additional | Quadruplex |
MobileHomeRemainsYN | No |
PostalCity | Tamarac |
Legal Description | VERSAILLES GARDENS CONDO UNIT 102 BLDG 7 PER CDO BK/PG: 9894/478 |
Interior Features
Flooring | Tile |
---|---|
Basement (Y/N) | No |
Air Conditioning Y/N | Yes |
Heating Y/N | Yes |
Fireplace Y/N | No |
Electric On Property Y/N | No |
Exterior Features
Lot Features | Item14to12AcreLot |
---|---|
Total Parking | 4.0 |
Spa | No |
Building Area Total | 949.0 |
Lot Size Units | SquareFeet |
Covered Spaces | 0.0 |
Crops Included Y/N | No |
Open Parking Y/N | No |
Horse Y/N | No |
Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool