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Home Florida Miami Condominiums Margate Coral Key Condo #915 in CORAL KEY CONDO

Apartments Coral Key Condo

$ 219,000
  • 2 bed
  • 1 bath
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Details
    • Listed on:
      December 09, 2024
    • Days on Market:
      1
    • Maintenance:
      n/a
    • Taxes:
      $ 4,173 per year
    • Year:
      1989
    • Furniture:
      -
    • Floor Description:
      Ceramic Floor
    • Terms Considered:
      Cash, Conventional
    • View from Apartment:
      Golf View
    • Parking:
      -
  • Interior Features:
    • First Floor Entry
  • Exterior Features:
    • On Golf Course
    • Tennis Court(s)
  • Legal Description:
    200 east palmetto park condo unit ph -1
Description
INVESTOR'S DREAM! Come see this rare opportunity to own a spacious 2-bed, 1 bath unit on the 1st floor in the Community of Coral Key. This unit currently has a long-term, timely paying renter who just signed a new lease for $1,900/m through December 2025.

**Monthly Net income = $1,190 (after expenses paid) - Cap rate = 6.5%**

This is a first-floor unit with a beautiful golf course view. Inside, there is tile flooring throughout along with upgraded kitchen. The Coral Key community features a club house with pool and gym along with a plethora of parking for guests. Low condo fees, which include the water and the ability to rent the unit immediately round out this great opportunity. With the desirable location and price point of this unit, it will not stay on the market for long.
Map view