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: $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!
Location
Similar Listings
MLS# A10948755
$55,000,000
Courtesy of: BrokerNation Real Estate
MLS# A11211376
$40,000,000
Courtesy of: Elliott Realty Services Inc.
MLS# A11211503
$40,000,000
Courtesy of: Elliott Realty Services Inc.
MLS# A11224423
$39,000,000
Courtesy of: Century 21 Global Connections
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
Courtesy of: Fidelity Real Estate Group LLC © 2022 Greater Fort Lauderdale REALTORS®. All rights reserved. Information deemed reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the IDX Program of the Fort Lauderdale Association of Realtors, Inc (RETS). Real estate listings held by brokerage firms other than Greater Fort Lauderdale are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing broker. Updated: 14th August, 2022 4:30 PM (UTC)
