GREAT INVESTMENT OPPORTUNITY WITH INCOME + APPROVED ADU! This beautifully remodeled property features a 2-bedroom, 1-bath main home plus a separate 1-bedroom, 1-bath studio with its own private entrance, currently rented for $1,000/month. The property has been extensively updated with a NEW ROOF, remodeled kitchen and bathrooms, stainless steel appliances, newer A/C, nearly new water heater, tile flooring, custom closets, LED lighting, and a large screened patio. The biggest value-add is the APPROVED ADU PERMIT for a legal 2-bedroom, 1-bath, approximately 720 SF ADU, with independent water and electric meters. The permit is already approved for construction, allowing the new owner to move forward without starting the permitting process from scratch. Income-producing today with significant additional rental income potential once the ADU is completed. Excellent opportunity for investors or owner-occupants looking for immediate income and future upside.
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Margate is located in Florida.
