Margate, FL 33068,581 KATHY LN
See all 34 photos
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: ?

For more information regarding the value of a property, please contact us for a free consultation.

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

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


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

Melissa Murphy

Realtor | License ID: 3248852

+1(772) 925-9138

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.