691 Kathy LnMargate, FL 33068

Property Details for 691 Kathy Ln

Year built

1972

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Margate

County

Broward

State

Florida

Latitude

26.2227

Longitude

-80.2198

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