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!
Property Details
Price:
$470,000
MLS #:
A11531604
Status:
Active Under Contract
Beds:
5
Baths:
2
Address:
6990 SW 1st St
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
ORIOLE-MARGATE SEC 5
Neighborhood:
oriolemargatesec5
City:
Margate
Listed Date:
Feb 12, 2024
State:
FL
Finished Sq Ft:
1,468
Total Sq Ft:
1,793
ZIP:
33068
Year Built:
1978
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Schools
Interior
Appliances
Dryer, Electric Range, Refrigerator, Washer
Bathrooms
2 Full Bathrooms
Cooling
Central Air, Electric
Flooring
Ceramic Floor, Tile
Heating
Central, Electric
Exterior
Architectural Style
Detached, One Story
Community Features
Other
Construction Materials
C B S Construction
Exterior Features
Other
Parking Features
Driveway, Other
Roof
Shingle
Financial
Tax Year
2023
Taxes
$6,913
Map
Community
- Address6990 SW 1st St Margate FL
- SubdivisionORIOLE-MARGATE SEC 5
- CityMargate
- CountyBroward County
- Zip Code33068
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