Multifamily in Margate, FL 33068Kimberly Forest, 681 Kathy Ln #1-4
Share
Closed
$725,000
3,609
SqFtStatus
Sold - Aug 16, 2022
Size
3,609 SqFt (335 m2)
Price
$201/SqFt ($2,162/m2)
Type
Multifamily
Built
1972
MLS Number
F10338268
On Site
1527 Days
Updated
31 Days ago
Page Views
0
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!
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: Central, SeparateMeters
- Cooling Description: CentralAir
Building and Construction
- Floor Description: Tile
- Windows/Treatment: Blinds
- Year Built: 1972
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2022-07-06T17:02:35.000-00:00
Taxes, Fees & More
- Maintenance Includes: HotWater, MaintenanceGrounds, Sewer, Trash, Water
- Taxes: 8352
- Real Estate Taxes: 378070
- Total Floors in Building: 1
- Total Units in Building: 4
- Total Units in Complex: 4
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
08/24/2022
Listed
$725K
$201 ft2
$2,162 m2
08/24/2022
$725K
Event
Listed
Price Per
$201 ft2
$2,162 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Carlos Montoya • Fidelity Real Estate Group LLC • Buyer Agency Compensation .
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Scores
31
100
35
100
46
100
77
100
0
100
30
100
0
100
Community Snapshot
3 – 4 BR
Bedrooms
$410K – $560K
Price Tier
1,249 - 5,499
SqFt Range
1973
Year Build
1
Total Floors
Subdivision Amenities
Laundry
Maintenance
None
Pool
Sidewalks
Margate Entry-Level Entry-Level Homes & Condos
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- Paradise Gardens 2 House5
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- The Greens At Carolina 2 House1
- The Greens At Carolina 3 House1
- The Greens At Carolina 4 House0
- The Highlands At Carolina House0
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- The Laurels At Margate Condo3
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