Price Reduction
Address
7910 N Colony Cir N, Tamarac, FL
Price
$ 775,000
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
Property vs Contingent Average in 33321
Price
Taxes
Visits
Year Built
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Data Last Updated: April 27, 2024 8:35 PM UTC
Beaches MLS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
