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1624 E River Dr, Margate, Florida 33063

Active For Sale
$380,000
  • Beds 2
  • Baths 1
  • Sq Ft 975 Sqft
  • Visits: 3 in 15 days

Description

Prime Investment Opportunity! This single-family residence presents a high-yield opportunity for savvy investors looking to capitalize on the robust Margate rental market. Situated on a generous 7,998 square foot lot, this property offers the ideal footprint for a “buy-and-hold” strategy or a strategic value-add renovation. The home currently features a functional 2-bedroom, 1-bathroom layout.rnrnThe location is a major draw for long-term equity growth, nestled in a quiet residential pocket with no HOA restrictions, allowing for maximum flexibility in management and leasing. The property is ideally positioned near major South Florida thoroughfares, local parks, and shopping hubs, ensuring low vacancy rates and high tenant demand. Whether you are looking to fix-and-flip in a neighborhood where renovated homes are commanding premium prices or seeking a steady cash-flowing asset to add to your portfolio.

Features

  • Swimming Pool: No
  • Heating System: Central
  • Cooling System: Central Air
  • Parking: Other

Appliances

  • Appliances: Electric Range, Microwave, Refrigerator

Address Map

  • Country: US
  • State: FL
  • County: Broward
  • City: Margate
  • Subdivision: MARGATE 3RD ADD
  • Zipcode: 33063
  • Street: River Dr
  • Street Number: 1624
  • Floor Number: 0
  • Longitude: W81° 47' 47.5''
  • Latitude: N26° 14' 52.4''
  • Street Dir Prefix: E
  • MLS Area: 3632

MLS Addon

  • Architectural Style: Detached, Other
  • Association Fee: $0
  • Close Price: $0
  • Elementary School: Margate Elem
  • Exterior Features: Fruit Trees, Other
  • Flooring: Other
  • Garage Spaces: 1
  • High School: Coconut Crk High
  • Insurance Expense: $0
  • Interior Features: Bedroom on Main Level, First Floor Entry
  • Listing Terms: Cash, Conventional
  • Lot Features: < 1/4 Acre
  • Middle Or Junior School: Margate Middle
  • New Taxes Expense: $0
  • Road Frontage Type: City Street
  • Tax Annual Amount: $5,795
  • Tax Year: 2025

Location

Listing Updated: 2026-01-07 22:10:14

  • Property Type : Single Family
  • Property Sub Type : Single Family Residence
  • Listing Type : For Sale
  • Listing ID : A11935605
  • Price : $380,000
  • View : Other
  • Bedrooms : 2
  • Bathrooms : 1
  • Full Bathrooms : 1
  • Half Bathrooms : 0
  • Square Footage : 975 Sqft
  • Year Built : 1959
  • Lot Area : 0 Acre
  • Listing Status : Active
  • Days On Market : 14
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