6990 SW 1st St
Margate, FL 33068
5
Bed
2
Bath
1,468Sqft
6,497Sqft(Lot)
No HOA • $56,196/year gross rental income • Actual ROI 10.16% • Excellent investment property rented for $4,683/month, with 100% of the rent paid through a government housing assistance program as of August 2026 • Tenant in place since March 2025; lease renews 02/28/2027 • 5-bed, 2-bath single-family home • Corner lot with 6,497 sqft and room for a pool and outdoor living • HVAC 2025 • Water heater 2024 • Strong in-place income with a stable tenant • Strong rental income supports the list price • Current management company available for a smooth transition • Please do not disturb tenant or knock on the door!
Property Details
Map
Map
Features
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Bedroom Information
Total beds: 5Bathroom Information
Total Baths: 2 Full Baths: 2Roofing Information
ShingleFlooring Information
CeramicTile, Tile -
Interior Features
BedroomOnMainLevel, FirstFloorEntry, MainLevelPrimaryRoof: ShingleAppliances: Dryer, ElectricRange, Refrigerator, Washer -
Heating & Cooling
Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: CentralAir, Electric
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Building Information
Year Built: 1978Building Area Total: 1793Construction Materials: BlockStories: 1Pool Features: NonePrivate Pool: NoView: Garden -
Exterior Features
Exterior Features: Fence, Other
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Lot Information
Main Square Feet: 6497 Lot Size Square Feet: 6,497 Lot Description: LessThanQuarterAcreProperty Information
Subdivision: ORIOLE-MARGATE SEC 5 Source Property Type: Residential MLS Area Minor: North Broward 441 To Everglades (3611-3642) Postal Code Plus 4: 1645 Zoning Description: R-3 Property SubType: Single Family Residence Direction Faces: North Property Age: 48
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Listing Price Information
Listing Price: $470000Original Price: $499999Cash, Conventional, OwnerMayCarry
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Tax Information
Parcel Number: 484135060360 Tax Year: 2023 Annual Tax: $6913 Tax Legal Desc: ORIOLE-MARGATE SEC 5 84-22 B PT PAR B DESC AS,COMM AT SE COR OF PAR B,W 772.95,N 350 TO POB, CONT N 64.05,NELY ARC DIST OF 38.89,ELY 48.39,S
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Virtual Tour
Parking Information
Driveway, OtherGarage Information
Has Garage: Yes Garage Space: 1 Pets Allowed: CatsOk, DogsOk, No, Yes
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Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 486 S Cortez Drive Circ.., Margate, FL, 33068 | $999,980 | 3 | 3 | 2,183 | 2,183 SqFt |
| 4971 SW 5th St, Margate, FL, 33068 | $364,000 | 3 | 1 | 1,056 | 1,056 SqFt |
| 820 SW 49th Terrace, Margate, FL, 33068 | $540,000 | 3 | 2 | 1,738 | 1,738 SqFt |
| 891 SW 49th Way, Margate, FL, 33068 | $463,500 | 2 | 2 | 1,506 | 1,506 SqFt |
| 119 S Cortez Drive #119, Margate, FL, 33068 | $825,000 | 1 | 1 | 1,250 | 1,250 SqFt |
| 5045 SW 10th Street, Margate, FL, 33068 | $489,000 | 3 | 2 | 1,779 | 1,779 SqFt |
| 5160 SW 8th Street, Margate, FL, 33068 | $499,990 | 3 | 2 | 1,785 | 1,785 SqFt |
| 5165 SW 10th Court, Margate, FL, 33068 | $500,000 | 4 | 2 | 1,875 | 1,875 SqFt |
| 5309 SW 8th Court, Margate, FL, 33068 | $599,900 | 3 | 2 | 1,905 | 1,905 SqFt |
| 633 N Cortez Drive #633, Margate, FL, 33068 | $975,000 | 2 | 2 | 1,343 | 1,343 SqFt |
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ByOwner last updated this listing 08/09/2026 @ 19:11
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