**6.75% CAP RATE** Introducing a 3 Unit (previously listed as 4- thus the price decrease) Bulk Condo Portfolio Sale in Royale Gardens Condo in North Lauderdale. All 3 condos are 2/2s but have a 3rd bedroom (association allows) and rented as 3/2 and ALL CONDOS ARE IN ROYALE GARDENS COA. Units are rented between 2350-2400 per month! Monthly COA fee at Royale Gardens is just $390 (per unit) and includes reserves funding! 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. All units are rented. SELLER CAN SPLIT UP THE 3 UNITS TO ACCOMODATE BUYERS BUDGET. One Unit is rented for $2400, 2 are rented for $2350
Sold for $690,000 on 05/01/25
$690,000
8061 Southgate Blvd, Pompano Beach, FL 33068
3beds
2baths
1,010sqft
Triplex, Quadruplex
Built in 1988
-- sqft lot
$683,200 Zestimate®
$683/sqft
$2,482 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 01, 2025 at 11:35am
Listed by:
Mitchell Lvovsky 954-547-1962,
Cutting Edge Investments & Realty Inc
Bought with:
Paula Guida, 3173930
Miami New Realty
Source: MIAMI,MLS#: A11664393
Originating MLS: A-Miami Association of REALTORS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Tile
Interior area
- Total structure area: 1,010
- Total interior livable area: 1,010 sqft
Property
Parking
- Total spaces: 3
Features
- Stories: 2
Lot
- Features: 1/4 To Less Than 1/2 Acre Lot
Details
- Parcel number: 484134BA0031
- Zoning: RM-10
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Triplex, Quadruplex
Materials
- CBS Construction
- Roof: Shingle
Condition
- Year built: 1988
Utilities & green energy
- Sewer: Public Sewer
Community & neighborhood
Location
- Region: Pompano Beach
- Subdivision: Royale Gardens Condo
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $390 monthly
Other
Other facts
- Listing terms: All Cash,Conventional
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$683,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$683,200