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6990 SW 1st St, Margate, Florida 33068

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Active For Sale
$470,000
  • Beds 5
  • Baths 2
  • Sq Ft 1,468 Sqft
  • Visits: 30 in 883 days

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 July 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!

Features

  • Swimming Pool: No
  • Heating System: Central, Electric
  • Cooling System: Electric, Central Air
  • Pet Policy: Yes, No Pet Restrictions
  • Parking: Driveway, Other

Appliances

  • Appliances: Dryer, Electric Range, Refrigerator, Washer

Address Map

  • Country: US
  • State: FL
  • County: Broward
  • City: Margate
  • Subdivision: ORIOLE-MARGATE SEC 5
  • Zipcode: 33068
  • Street: 1st St
  • Street Number: 6990
  • Floor Number: 0
  • Longitude: W81° 46' 50''
  • Latitude: N26° 13' 46.1''
  • Street Dir Prefix: SW
  • MLS Area: 3633

MLS Addon

  • Architectural Style: Detached, One Story
  • Association Fee: $0
  • Close Price: $0
  • Community Features: Other
  • Exterior Features: Fence, Other
  • Flooring: Ceramic Tile, Tile
  • Garage Spaces: 1
  • Insurance Expense: $0
  • Interior Features: Bedroom on Main Level, First Floor Entry, Main Level Primary
  • Listing Terms: Cash, Conventional
  • Lot Features: < 1/4 Acre
  • New Taxes Expense: $0
  • Stories: 1
  • Tax Annual Amount: $6,913
  • Tax Year: 2023

Location

Listing Updated: 2026-07-06 18:10:23

  • Property Type : Single Family
  • Property Sub Type : Single Family Residence
  • Listing Type : For Sale
  • Listing ID : A11531604
  • Price : $470,000
  • View : Lake, Water
  • Bedrooms : 5
  • Bathrooms : 2
  • Full Bathrooms : 2
  • Half Bathrooms : 0
  • Square Footage : 1,468 Sqft
  • Year Built : 1978
  • Lot Area : 0 Acre
  • Listing Status : Active
  • Days On Market : 882
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