Active

6990 SW 1st Street

Margate, FL 33068

$470,000 $1,981/Mo

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Overview

Bed

Bath

1,468

Sqft

6,497

Sqft(Lot)

Description

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 June 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

Property Type : Residential

Price : $470,000

AD Id : 55013524

MLS Id : A11531604

Beds : 5

Lot Size : 6,497 Sqft

Living Area Size : 1,468

Year Built : 1978

Garage : 1

County : Broward

Subdivision: Oriole-margate

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 5

Bathroom Information

Total Baths: 2 Full Baths: 2

Roofing Information

Shingle

Flooring Information

CeramicTile, Tile
Interior Features

BedroomOnMainLevel, MainLevelPrimary

Roof: Shingle

Appliances: Dryer, ElectricRange, Refrigerator, Washer
Heating & Cooling

Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: CentralAir, Electric

Building Information

Year Built: 1978

Building Area Total: 1793

Construction Materials: Block

Stories: 1

Private Pool: No

View: Garden
Exterior Features

Exterior Features: Other

Lot Information

Main Square Feet: 6497 Lot Size Acres: 0.15

Property Information

Subdivision: ORIOLE-MARGATE SEC 5 Source Property Type: Residential Postal Code Plus 4: 1645 Property SubType: Single Family Residence Direction Faces: North Levels: One Property Age: 48

Listing Price Information

Listing Price: $470000

Original Price: $499999

Cash, Conventional

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

Virtual Tour

Virtual Tour (External Link)

Parking Information

Driveway

Garage Information

Has Garage: Yes Garage Space: 1 Pets Allowed: NoPetRestrictions, Yes

Homeowners Association Information

Association Amenities: Other

School Information

Elementary School: Atlantic West Junior High School: Margate Senior High School: Coconut Creek
Location Information

WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
820 SW 49th Ter, Margate, FL, 33068	$540,000	3	2	1,738	1,738 SqFt
6374 SW 2nd Street, Margate, FL, 33068	$550,000	3	2	984	984 SqFt
6301 SW 7th Street, Margate, FL, 33068	$550,000	4	2	1,850	1,850 SqFt
5380 SW 11th St, Margate, FL, 33068	$425,000	2	2	1,506	1,506 SqFt
5640 SW 3rd Pl #212, Margate, FL, 33068	$115,000	1	1	680	680 SqFt
415 SW 61st Terrace, Margate, FL, 33068	$414,000	2	2	1,174	1,174 SqFt
511 SW 63rd Terrace, Margate, FL, 33068	$539,000	4	2	1,835	1,835 SqFt
4969 SW 7th St, Margate, FL, 33068	$459,899	3	2	1,738	1,738 SqFt
7471 SW 1st St, Margate, FL, 33068	$510,000	3	2	1,428	1,428 SqFt
6138 Southgate Boulevard, Margate, FL, 33068	$470,000	4	3	1,534	1,534 SqFt

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ByOwner last updated this listing 06/18/2026 @ 11:02

MLS: A11531604 LISTED BY: Denise Haeussler Leatherbee, London Foster Realty 305-514-0100 SOURCE: Beaches MLS