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Margate Townhome $500,000
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№ 2,340,170

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6-bedroom house 189 m² in Margate

$500,000

Total area
189 m²
Bedrooms
6
Bathrooms
3

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Description

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Bedrooms: 6
Bathrooms: 3
Built in: 1960
Location: Margate

No HOA. Current ROI: 8.16% (potential ROI: 9.52%). Great investment property. The property is rented for $ 4,025 USD/month to a Section 8 tenant (as of February 2024, the government portion is $ 3,606 USD, the tenant $ 419 USD). The rent may be increased to $ 4,883 USD (renewal date: April 30th, 2024). The current management company can be facilitated. Please do not disturb the tenant or knock on the door! Per previous listing: Roof 2016, A/C 2016, water heater 2017

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Natalia Zaporozhtseva

Real Estate Expert Tranio in Margate

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FAQs

How to make payments for property abroad?

Tranio has a transaction department that provides clients with safe and convenient payment solutions. We monitor changes in currency legislation, strengthen partnerships with banks in different countries, ensuring the legality of transfers and minimal commissions. You can pay in roubles for purchases in Tranio's own development projects abroad.
Is it possible to obtain a residence permit when buying property?

In some countries — yes. Such programmes for obtaining a residence permit in exchange for property investments are called Golden Visas. The most popular Golden Visas in Europe are offered by Greece and Cyprus. In the Persian Gulf, the UAE and Oman also offer residence permits for property owners.

However, if you need a residence permit to gain visa-free access to Schengen countries or to open an account in Europe, it's not absolutely necessary to buy property. Greece, Spain, Italy, Finland, France, and Portugal have accessible residence permit programmes.

The choice of programme depends on your goals. Explore all available programmes or contact Tranio's migration department for consultation.
How long does the property registration process take?

The registration period depends on legislation and established procedures in local property markets. Usually, the entire process from selecting a property to registering ownership takes at least a month. In our experience, the fastest transactions occur in the UAE — currently one of the most technologically advanced markets with land legislation specifically designed for foreigners. In Cyprus, registration will take 1–2 months, in Greece — from 3 months.

In some countries, such as Thailand, transaction registration at the land department occurs after the property is commissioned. Signing a purchase agreement with a developer in Thailand takes from two weeks to a month, while registration at the land department takes no more than a week.

Dubai, UAE

Tranio Global Real Estate, Ohmydesk Business Center, Al Fattan Downtown, 32d St, 103-104, Al Satwa Dubai, UAE

+971 (4) 610-45-55

Torrevieja, Spain

Tranio LLC, Calle del Palangre, 14, 03182 Torrevieja

+34 932 204 049

Athens, Greece

Tranio LLC, Frynonos, 33, 11632 Athens

+30 211 198-60-27

Berlin, Germany

Tranio Germany GmbH, Schlüterstraße 38, 10629 Berlin

+49 302 2957622

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