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Key Details
Sold Price $379,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,080 sqft
Price per Sqft $123
Subdivision Margate 3Rd Add-Resub Of
MLS Listing ID F10053145
Sold Date 03/07/17
Style Fourplex
Construction Status Resale
HOA Y/N No
Total Fin. Sqft 10437
Year Built 1972
Annual Tax Amount $6,474
Tax Year 2016
Property Description
Lake Front Margate 4 Plex with Rents Below Market! All Units are 2 Bedroom 1 Bath with Central A/C, Washer & Dryer. Average Market Rent is approx. $1150 Monthly. Estimated Gross income is $43,800 Estimated Annual Expenses include Taxes: $6,474 Lawn: $600 Insurance: $400 Water&Trash $3,600 (Total $14,674) Estimated Cap is 7.67% Estimated Proforma Cap Rate is 10.67%
Location
State FL
County Broward County
Area North Broward 441 To Everglades (3611-3642)
Zoning R-3
Interior
Heating Central Heat
Cooling Central Cooling
Flooring Tile Floors
Exterior
Waterfront Yes
Waterfront Description Lake Front
Water Access Y
Water Access Desc None
Roof Type Flat Roof With Facade Front
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Concrete Block Construction
Sewer Municipal Sewer
Water Municipal Water
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Conventional
Listing Terms Conventional
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