$748,000
$800,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
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 Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Realty One Group Royal Oaks
Find out why customers are choosing LPT Realty to meet their real estate needs