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681 Kathy Ln Margate, FL 33068
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Key Details
Sold Price $725,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,609 sqft
Price per Sqft $200
Subdivision Kimberly Forest 68-31 B
MLS Listing ID F10338268
Sold Date 08/16/22
Style Fourplex
Construction Status Resale
HOA Y/N No
Total Fin. Sqft 9075
Year Built 1972
Annual Tax Amount $8,352
Tax Year 2021
Property Description
Amazing Find! Updated 4 Plex In The Heart Margate. All Units Are 2 Bedroom 1 Bath With Tile Flooring, Central A/C, Separate Electric & Parking. Large Storage Room Is Currently Rented At $40 A Month & Has Washer /Dryer Hookups For Potential Additional Income With Coin Operated Laundry. Rents Are Below Market And Can Be Increased. Current Gross Income Is $70,680 With Cap Rate 7%+/-. Potential Income Is Around $87,000 Plus Potential Cap Rate Of 9%+/-. Annual Expenses Are $15,489. Expenses Include Taxes: $8,018 Landscaping: $480 Insurance: $2,743 Water: $2760 Trash: $1,488. Projected Net Income: $71,871. Property Is Perfect For Owner Occupant Or Investor. This Is A Must See!
Location
State FL
County Broward County
Area North Broward 441 To Everglades (3611-3642)
Zoning R-3
Interior
Heating Central Heat
Cooling Central Cooling
Flooring Tile Floors
Exterior
Waterfront No
Water Access N
Roof Type Comp Shingle Roof
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Cbs Construction
Sewer Municipal Sewer
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Conventional, FHA
Listing Terms Conventional, FHA
Special Listing Condition As Is
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Bought with Coldwell Banker Realty
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