581 Kathy Lane, Margate, FL 33068

Description of 581 Kathy Lane, Margate, FL 33068

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!

Property Details for 581 Kathy Lane, Margate, FL 33068

Flooring

Other

Heating

Electric

Cooling

Electric

Pool Private

No

Year Built Details

Resale

Building Information for 581 Kathy Lane, Margate, FL 33068

Building Name

KIMBERLY FOREST

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Property Information for 581 Kathy Lane, Margate, FL 33068

Lot Features

Less Than 1/4 Acre Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

Pre-Cast Concrete Construction, Precast Construction

Roof

Other Roof/Roof Structure, Tile, Flat Tile, Flat Roof With Facade Front, Other, Tile Roof

Sewer

Public Sewer, Public Sanitation, Sewer

New Construction

No

Public Records for 581 Kathy Lane, Margate, FL 33068

Parcel Number

494101091820

Tax Annual Amount

$12,543

Tax Year

2,021

Tax Legal Description

KIMBERLY FOREST 68-31 B PT OF TR B DESC AS BEG SW COROF TR B,NLY 677 TO POB,CONT NLY 60.50,ELY 150,SLY 60.50,W 150 TO POB

Zoning

RES

County Or Parish

Broward County

Location