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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
Waterfront No
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
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Bought with Realty One Group Royal Oaks