691 Kathy Lane

Margate, FL 33068

$1,200,000
Price
Beds
3,773 Sq. Ft.
$318 / Sq. Ft.
3,773
Sq. Ft.
$318
per Sq. Ft.

Description

Don't miss out on this incredible opportunity! This Fourplex in Margate offers a corner unit and is being sold as is, making it perfect for investors. With separate electric meters and a proven track record of generating income, this property is a cash cow. The current rent in the area can reach $2000, ensuring a steady stream of revenue. The roof was replaced in 2005, and each unit boasts a comfortable 2 bedrooms and 1 bathroom, complete with central AC. Owner pays for water roughly $230 monthly...Don't miss out on this incredible opportunity! This Fourplex in Margate offers a corner unit and is being sold as is, making it perfect for investors. With separate electric meters and a proven track record of generating income, this property is a cash cow. The current rent in the area can reach $2000, ensuring a steady stream of revenue. The roof was replaced in 2005, and each unit boasts a comfortable 2 bedrooms and 1 bathroom, complete with central AC. Owner pays for water roughly $230 monthly and trash $160. Tenants are currently on a annual lease. Don't wait, seize this chance to own a profitable income-producing property! Please do not disturb tenants, please call listing agent with any questions.
  1. Listed by Durani Thakoordyal • Realty One Group Royal Oaks

Property Details for 691 Kathy Lane

Subdivision
KIMBERLY FOREST
Style
Fourplex
Waterfront
No
Area
3730
Geographic Area
Tamarac/Snrs/Lderhl (3650-3670;3730-3750;3820-3850)
Auction
No
Num Stories
1
Sq Ft Total
3773
LISTING UPDATED: 11/01/2024 11:07 AM

Property Details for 691 Kathy Lane

StatusActive
MLS #A11521137
Days on Market308
Taxes$11,498 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family Income / Fourplex
Year Built1972
Lot Size-
CountyBroward County

Building Information for 691 Kathy Lane

Stories-Residences-Year Built1972Building Size-Lot Size-

Property Information for 691 Kathy Lane

Location Information
Location Information
  • Parcel Number Free Text: 494101091735
  • Parcel Number MLX: 1735
  • MLS Area: 3730
  • Township Range: 49
  • Section: 1
  • Subdivision Number: 9
  • Subdivision Complex Bldg: KIMBERLY FOREST
  • Unit Count: 4
  • Zoning Information: R-3
General Information
Parking
  • Num Parking Spaces: 1
General Information
  • Property Type Information: Detached
  • Lot Description: Less Than 1/4 Acre Lot
  • Pool: No
  • Construction: Concrete Block Construction
  • Construction Type: Concrete Block Construction
  • Roof Description: Flat Tile Roof, Shingle Roof
  • Flooring: Tile Floors
  • Floor Description: Tile Floors
  • Directions: Use GPS
Additional Property Information
Utilities
  • Heating Description: Central Heat
  • Cooling Description: Ceiling Fans, Central Cooling
  • Sewer Description: Municipal Sewer
  • Separate Meter: No
  • Cable Available: Yes
Additional Property Information
  • Guest Accommodations: No
  • Rent Includes: Lawn Care, Water
Financial Information
Financial Information
  • Total Mortgage: $128,800
  • Type of Association: None
  • Flood Zone: X
  • Tax Year: 2023
  • Tax Information: Tax Reflects No Exemptions
  • Information Available: Deposit Held

Property History for 691 Kathy Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 691 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.

Similar Homes

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691 Kathy Lane is a multi-family home for sale in Margate, FL 33068. This property was listed for sale on January 25, 2024 by Realty One Group Royal Oaks, it's currently listed at $1,200,000. This listing's school district is Broward. Nearby schools include Morrow Elementary School, Silver Lakes Middle School and Coconut Creek High School. 691 Kathy Lane is a 0-bed, 0-bath, 3,773 sqft multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty One Group Royal Oaks

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.