Address
691 Kathy Ln, Margate, FL
Price
$ 1,300,000
Property Attributes
- MLS#A11521137
- TypeIncome
- CountyBROWARD
- CityMargate
- Area3730
- NeighborhoodKIMBERLY FOREST
- Zip33068
- StyleFourplex
- Year Built1972
- Taxes$ 11498
- Price$ 1,300,000
- Bedrooms20
- Full Bathrooms10
- Half Bathrooms0
- Sqr Footage3773
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description
Don't miss out on this incredible opportunity! This Fourplex in Margate offers a corner unit and is being sold as is, making it perfect for investors. With separate electric meters and a proven track record of generating income, this property is a cash cow. The current rent in the area can reach $2000, ensuring a steady stream of revenue. The roof was replaced in 2005, and each unit boasts a comfortable 2 bedrooms and 1 bathroom, complete with central AC. Owner pays for water roughly $230 monthly and trash $160. Tenants are currently on a annual lease. Don't wait, seize this chance to own a profitable income-producing property! Please do not disturb tenants, please call listing agent with any questions.
| Price History | |
|---|---|
| 1/25/2024 | Listed $1,300,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | Central |
| Cooling | CentralAir,CeilingFans |
| Utilities | CableAvailable |
| Possession | ClosingFunding |
| Roof | Flat,Shingle,Tile |
| Architectural Style | Fourplex |
| Pool Features | None |
| Construction Materials | Block |
| Year Built | 1972 |
| Stories | 1 |
| Levels | One |
| Property SubType | Quadruplex |
| Tax Year | 2023 |
| County | Broward County |
| New Construction | No |
| Property Type | ResidentialIncome |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Subdivision Name | KIMBERLY FOREST |
| Garage Y/N | No |
| Rent Includes | Gardener,Water |
| Status | Active |
| Directions | Use GPS |
| City | Margate |
| Buyer Agent Compensation | 2% |
| View Y/N | No |
| Senior Community Y/N | No |
| Zoning Description | R-3 |
| MLS Area | 3730 |
| Private Pool | No |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Kathy Ln |
| Listing Terms | Cash,Conventional,FHA |
| Property Attached Y/N | No |
| Year Built Details | Effective Year Built |
| Land Lease Y/N | No |
| Tax Annual Amount | 11498.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| MLS Area Minor | Tamarac/Snrs/Lderhl (3650-3670;3730-3750;3820-3850 |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A11521137 |
| Days on Market | 98 |
| Standard Status | Active |
| Occupancy Description | Tenant |
| Property Sub Type Additional | Quadruplex |
| MobileHomeRemainsYN | No |
| PostalCity | Margate |
| Legal Description | KIMBERLY FOREST 68-31 B PT OF TR B DESC AS BEG SW COR OF TR B,NLY 72.00,ELY 150,SLY ALG E/L OF TR B 49.88 TO P/C,SLY,SWLY & WLY ALG CUR 39. |
Interior Features
| Flooring | Tile |
|---|---|
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Electric On Property Y/N | No |
Exterior Features
| Lot Features | Item14Acre |
|---|---|
| Total Parking | 1.0 |
| Spa | No |
| Building Area Total | 3773.0 |
| Lot Size Units | SquareFeet |
| Covered Spaces | 0.0 |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 33068
Price
Taxes
Visits
Year Built
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Data Last Updated: May 3, 2024 12:28 PM UTC
Beaches MLS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
