$45,000
●
Condo -
Off Market
2 Beds
2 Baths
1,000 Ft²
$120,330
RealtyHop Estimate
123.25%
Since Apr 1, 2011
National-US
Primary Model
About This Property
Beautiful corner unit in finest Margate condo complex - split
bedroom plan - eat-in kitchen includes washer/dryer - expanded
living room for additional air conditioned living space is
presently used as TV-room/den - 4-year-old A/C for energy
savings. In numerable amenities, very active clubhouse,
friendly residents, conveniently located near shopping. Fully
furnished with lovely furniture (hardly used) is negotiable.
Unit Size
1,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$54
Property Type
Condo
Property Taxes
$20
HOA Dues
$306
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (Beaches MLS #F1112159)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 24, 2011 | Sold | ||
| Sold | |||
| Dec 27, 2010 | Listed by Coldwell Banker Residential RE | $53,900 | |
| Listed by Coldwell Banker Residential RE | |||
Property Highlights
Parking Details
Parking Features: 1 Space, Guest Parking
Parking Restriction: No Trucks/Trailers, No Rv/Boats
Interior Details
Full Bathrooms: 2
Interior Features: Split Bedroom, Walk-In Closets, Foyer Entry
Appliances: Refrigerator, Electric Range, Dishwasher, Disposal, Washer, Dryer
Flooring Type: Ceramic Floor, Carpeted Floors
Dining Room: Dining/Living Room
Exterior Details
Listing Terms: Will Rent, Cash Only, Conventional
Construction Type: Cbs Construction
Exterior Features: Other
Financial Details
Total Taxes: $238
Tax Year: 2010
Possession Information: Funding
Utilities Details
Heating Type: Central Heat, Electric Heat
Cooling Type: Central Cooling, Electric Cooling, Ceiling Fans
Location Details
Location: SOUTH OF ROYAL PALM - WEST OF ROCK ISLAND ON 18TH STREET TO PALM SPRINGS II - BUILDING #8 FACES 18TH STREET
Front Exposure: North
Subdivision Complex Building: Palm Springs II
Water Access: None
Waterfront Description: Lagoon Front
HOA Details
HOA Fee: $306 Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|
Similar Homes for Sale
Currently no similar homes around
Listed by: Janet Ashford
Coldwell Banker Residential RE
Last Updated: 3 years ago
Data Source: Beaches MLS, MLS# F1112159
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
Coldwell Banker Residential RE
Last Updated: 3 years ago
Data Source: Beaches MLS, MLS# F1112159
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