681 Kathy Lane
681 Kathy Lane
$725,000
—
3,609
3,609
$201
Closed Sale 8/16/22
Description
Amazing Find! Updated 4 Plex In The Heart Margate. All Units Are 2 Bedroom 1 Bath With Tile Flooring, Central A/C, Separate Electric & Parking. Large Storage Room Is Currently Rented At $40 A Month & Has Washer /Dryer Hookups For Potential Additional Income With Coin Operated Laundry. Rents Are Below Market And Can Be Increased. Current Gross Income Is $70,680 With Cap Rate 7%+/-. Potential Income Is Around $87,000 Plus Potential Cap Rate Of 9%+/-. Annual Expenses Are $15,489. Expenses Include Taxes:...Amazing Find! Updated 4 Plex In The Heart Margate. All Units Are 2 Bedroom 1 Bath With Tile Flooring, Central A/C, Separate Electric & Parking. Large Storage Room Is Currently Rented At $40 A Month & Has Washer /Dryer Hookups For Potential Additional Income With Coin Operated Laundry. Rents Are Below Market And Can Be Increased. Current Gross Income Is $70,680 With Cap Rate 7%+/-. Potential Income Is Around $87,000 Plus Potential Cap Rate Of 9%+/-. Annual Expenses Are $15,489. Expenses Include Taxes: $8,018 Landscaping: $480 Insurance: $2,743 Water: $2760 Trash: $1,488. Projected Net Income: $71,871. Property Is Perfect For Owner Occupant Or Investor. This Is A Must See!
- Listed by Carlos Montoya • Fidelity Real Estate Group LLC
- Listed by Natasha Quinones • Fidelity Real Estate Group LLC
Property Details for 681 Kathy Lane
Subdivision Name
Kimberly Forest 68-31 B
StyleFourplex
WaterfrontNo
Location
LISTING UPDATED: 08/24/2022 01:02 PM
Property Details for 681 Kathy Lane
Status | Closed Sale |
---|---|
MLS # | F10338268 |
Days on Market | 20 |
Taxes | $8,352 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Fourplex |
Year Built | 1972 |
Lot Size | - |
County | Broward County |
Location
Building Information for 681 Kathy Lane
Stories-Residences4Year Built1972Building Size-Lot Size-
Payment Calculator
$4,653 per month
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Property Information for 681 Kathy Lane
Property History for 681 Kathy Lane
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 681 Kathy Lane
This home is within Broward.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Morrow Elementary School PublicPK to 5 | ||
Silver Lakes Middle School Public6 to 8 | ||
Coconut Creek High School Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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