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.
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Margate is located in Florida. Margate, Florida has a population of 58,331. Margate is less family-centric than the surrounding county with 19.7% of the households containing married families with children. The county average for households married with children is 27.2%.
The median household income in Margate, Florida is $52,881. The median household income for the surrounding county is $64,522 compared to the national median of $69,021. The median age of people living in Margate is 46.6 years.
The average high temperature in July is 90.8 degrees, with an average low temperature in January of 57.4 degrees. The average rainfall is approximately 60.8 inches per year, with 0 inches of snow per year.
