Margate, FL 33068,581 KATHY LN
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Margate, FL 33068,581 KATHY LN
Margate, FL 33068,581 KATHY LN
Margate, FL 33068,581 KATHY LN
Margate, FL 33068,581 KATHY LN

$748,000

Est. payment /mo

$800,000

6.5%
Est.Price: ?

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581 KATHY LN Margate, FL 33068

3,730 SqFt

SOLD DATE : 11/18/2022

Key Details

Sold Price $748,000

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,730 sqft

Price per Sqft $200

Subdivision Kimberly Forest

MLS Listing ID F10347321

Sold Date 11/18/22

Style Fourplex

Construction Status Resale

HOA Y/N No

Year Built 1973

Annual Tax Amount $12,543

Tax Year 2021

Property Description

BEAUTIFUL UPDATED FOURPLEX in a good neighborhood in Margate! 2 bedroom 1 bath each unit. Property has central ac throughout, Separate electric meters so tenants pay their own electricity. Owner pays water about $230 monthly and trash $160. New roof 3 years ago, Ac is less then 2 years old, water heater is less then 5 years old wow! New Granite Counter tops and baseboard. New Sprinkler system being installed & a Coin Laundry in the back allows owner to make even more money! Rents are currently below market value but can be increased. Market rent for a 2/1 is currently at $1,800! Potential income is around $87,000 Plus Potential Cap Rate Of 9%+/-.All tenants on month to month lease! Take advantage of this great investment opportunity! This is a perfect find for owner Occupant or Investor!

Location

State FL

County Broward County

Area Tamarac/Snrs/Lderhl (3650-3670;3730-3750;3820-3850)

Zoning RES

Interior

Heating Electric Heat

Cooling Electric Cooling

Flooring Other Floors

Exterior

Water Access N

Roof Type Flat Tile Roof,Other Roof

Private Pool No

Building

Lot Description Less Than 1/4 Acre Lot

Story 1.0000

Foundation Pre-Cast Concrete Construction

Sewer Municipal Sewer

Construction Status Resale

Others

Pets Allowed No

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

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BeachesMLS Matrix (RAPB-F prefix)
Listed by Charles Rutenberg Realty Fort
Bought with Realty One Group Royal Oaks

Daniel A. Hammer, Sr.

License Partner/Broker

+1(678) 575-6805

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