Home in 6990 SW 1st Street, Margate, FL 33068 for sale with MLS# A11531604
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 September 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!
6990 SW 1st Street, Margate, FL 33068
Price
- Price:
- $470,000.00
- Original List Price:
- $499,999.00
- List Price per Sq Ft (Calculated, Approx.):
- $320.16
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active Under Contract (An offer has been accepted, considering Backup Offers)
- Contingency:
- Active Under Contract
- Listing Category:
- Residential
- Property Type:
- Single Family House
- Description of Last Important Update:
- Status Change
- Last Major Update on:
- August 17, 2026 3:10 pm
Rooms Distribution
- Bedrooms:
- 5
- Bathrooms Total:
- 2
- Full Bath:
- 2
- Master Bedroom Bath:
- Master Bdrm - Ground, Bedroom On Entry Level
Measures
- Living Area:
- 1,468 Sqft
- Built-Up Area:
- 1,793 Sqft
- Lot Size Acres:
- 0.15
Property Features
- View from the Property:
- Garden
- Waterfront:
- No
- Appliances:
- Dryer, Refrigerator, Washer, Electric Range
- Exterior:
- Other
- Air Conditioning
- Air Conditioning System:
- Central Air, Electric
- Heating
- Heating System:
- Central, Electric
- Fence:
- Fenced
- Property Entrance Faces:
- North
Construction
- Year Built:
- 1978
- Roof:
- Shingle
- Levels:
- One
- Entry Level (floor):
- 1
- Construction Materials:
- CBS
- Flooring:
- Tile, Ceramic Tile
- Number of stories:
- 1
- Flood Zone Code:
- X
Taxes and Expenses
- Tax Annual Amount:
- $6,913.00
- Tax Year:
- 2023
- Property Tax Details:
- City/County
Parking
- Garage
- Garage Spaces:
- 1
- Covered Spaces:
- 1
- Parking Features:
- Driveway
Utilities
- Sewer:
- Public Sewer
- Water Source:
- Public
Community
- Pets Allowed?:
- Yes, No Restrictions
- Amenities Provided by the Homeowner's Association (HOA):
- Other
- Subdivision Name:
- ORIOLE-MARGATE SEC 5
- Senior Community:
- No
- Restrictions:
- No Restrictions
- Leasing Permitted
- Leasing Permitted Details:
- Okay To Lease
Terms
- Listing Terms Considered by Seller:
- Cash, Conventional, Owner Will Carry Points
- Buyer Possession:
- Negotiable
Zoning and Legal
- Tax Legal Description:
- 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
- Real Estate Folio Number (Parcel Number):
- 484135060360
- Zoning:
- R-3
Public Schools Assigned
- Elementary School:
- Liberty Park (palm Beach)
- High School:
- Coconut Creek
- Middle Or Junior School:
- Margate
Listing History
- Active on the market since:
- March 29, 2026
- Listing Agreement executed on:
- February 12, 2024
- Purchase Contract Date:
- August 12, 2026
- Price change occurred on:
- May 22, 2026 4:36 am
- Listing Status Last Changed On:
- August 17, 2026 3:10 pm
- Photos updated on:
- September 2, 2026 3:30 pm
- Last Modified:
- September 2, 2026 3:31 pm
Additional Information
- Courtesy of:
- London Foster Realty
- Attribution:
- Not provided
Location
- Street Name:
- 1st
- Street Number:
- 6990
- City:
- Margate
- State:
- Florida
- Zip Code:
- 33068
- County:
- Broward
- Latitude:
- N26° 13' 45.8''
- Longitude:
- W81° 46' 49.5''
- Street Suffix:
- Street
- Street Direction Prefix:
- SW
Property Map
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$63,688
Median Home Value
$288,600
Median Rent
$1,893/mo
Median Age
37
Population
53,552
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