For Sale
$1,200,000

691 Kathy LnMargate, FL 33068

Profitable Fourplex, Prime Margate Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This 1972-built, one-story fourplex in Margate, Florida (691 Kathy Ln, 33068) presents a compelling investment opportunity. Priced at $1,200,000, this property offers a proven track record of generating income, with each unit featuring two bedrooms and one bathroom, complete with central air conditioning. The building benefits from separate electric meters, simplifying utility management. Current tenants are on annual leases, providing rental stability. The roof was replaced in 2005, mitigating potential repair costs. The property's corner lot location adds to its appeal. The owner currently pays approximately $230 monthly for water and $160 monthly for trash services. Potential rental income in the area can reach $2000 per unit, promising a strong return on investment. This property is being sold "as is," offering investors flexibility. The property is located in Broward County and is easily accessible. This is a cash-flowing investment opportunity not to be missed. Serious inquiries only. Please do not disturb tenants.

Highlights

  • $1,200,000 asking price.
  • Fourplex apartment building in Margate, FL.
  • Built in 1972, one story.
  • Separate electric meters and strong rental history.
  • Each unit features 2 bedrooms, 1 bathroom, and central AC.

Property Details for 691 Kathy Ln

Property type
Apartment buildings, Small apartment buildings
Year Built
1972
Stories
1

Location Insight

City
Margate
County
Broward
State
Florida
Latitude
26.2227246
Longitude
-80.2198048
691 Kathy Ln, Margate, Florida

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691 Kathy Ln
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