581 Kathy Lane

Off Market

581 Kathy Lane

Margate FL 33068

3730 sq. ft.

Duplex

Last sold for $748,000

Kenise Estime, last sold this property on 18 November 2022 after 73 days on market.

Overview

BEAUTIFUL UPDATED FOURPLEX in a good neighborhood in Margate! 2 bedroom 1 bath each unit. Property has central ac throughout, Separate electric meters so tenants pay their own electricity. Owner pays water about $230 monthly and trash $160. New roof 3 years ago, Ac is less then 2 years old, water heater is less then 5 years old wow! New Granite Counter tops and baseboard. New Sprinkler system being installed & a Coin Laundry in the back allows owner to make even more money! Rents are currently below market value but can be increased. Market rent for a 2/1 is currently at $1,800! Potential income is around $87,000 Plus Potential Cap Rate Of 9%+/-.All tenants on month to month lease! Take advantage of this great investment opportunity! This is a perfect find for owner Occupant or Investor!

Features

3730 sq. ft. floor area

Duplex

Estimated Value

We need at least 3 similar duplexes sold in Margate over the last 12 months.

Property history for 581 Kathy Lane

2022

Sold

$748,000

18 Nov 2022 by Kenise Estime, of Charles Rutenberg Realty, Fort Lauderdale

Happy sellers in Margate

87%

87% of sellers in Margate reported that their sale price either exceeded or met their price expectations.

Margate stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in Margate over the last 12 months.

Local market activity for duplexes in Margate

In the last 12 months, 2 duplexes similar to 581 Kathy Lane, have been sold.

This represents a 67% increase in duplexes sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Margate for a market analysis.

Chislyne Raphael

at Dalton Wade | Florida

(2 reviews)

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Jeff Tricoli

at Keller Williams Reserve

(946 reviews)

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Leina Sealey

at Iconic Realty and Associates

(1 review)

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Tiana Ponti Morales

at Lamacchia Realty - Fort Lauderdale

(59 reviews)

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Margate

Chislyne Raphael

Chislyne Raphael is a recommended agent for Margate. They have 2 local sales and collected 1 local review across the last 12 months.

5 (2 reviews)
1 Review in Margate
2 Sales in Margate

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Jeff Tricoli

Sellers who recommend Jeff Tricoli have praised them for being clear communication, responsive, local expert, supportive, great negotiation, strategic, and well-prepared