6990 SW 1st Street, Margate, FL 33068

$460,000
Property Type: Residential Bedrooms: 5 Baths: 2 Square Footage: 1,793 Status: Closed
Current Price: $460,000 List Date: 3/29/2026 Last Modified: 9/23/2026

Overview

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 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!

Listing Details MLS# A11531604

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
5
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1793
Living Area Main
1468
Adjusted Area Main
1547
Year Built
1978
Garage YN
Yes
Garage Spaces
Yes
Covered Spaces
Yes
Lot Size Area
6497
Lot Size Acres
0.15
Senior Community YN
No
Stories Total
Yes
Direction Faces
North
Pool Private YN
No

Property Features

Exterior Features: Other Flooring: Ceramic Tile; Tile Leasing Permitted Details: Okay To Lease Parking Features: Driveway Appliances: Dryer; Electric Range; Refrigerator; Washer Construction Materials: CBS Cooling: Central Air; Electric Fencing: Fenced Heating: Central; Electric Levels: One Listing Terms: Cash; Conventional; Owner Will Carry Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Negotiable Restrictions: No Restrictions Roof: Shingle Sewer: Public Sewer Tax Information: City/County View: Garden Water Source: Public Showing Requirements: 24 Hour Notice; Showing Service

Contract Information

Comp Sale YN
No
Original List Price
499999
Occupant Type
Tenant

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
6990
Street Direction Prefix
SW
Street Name
1st
Street Suffix
Street
City Name
Margate
State Or Province
FL
Postal Code
33068
Postal Code +4
1645
Postal Zip
33068
Subdivision Name
ORIOLE-MARGATE SEC 5
Area
3633
Geographic Area
NW41 - North Broward 441 To Everglades (3611-3642)
Elementary School
Atlantic West
Middle Or Junior School
Margate
High School
Coconut Creek
Parcel Number
484135060360
Subdivision Number
6
Zoning
R-3
Flood Zone
X

Financial Information

Membership Fee Required YN
No
Tax Annual Amount
6913
Tax Year
2023
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

Status Change Information

Major Change Timestamp
2026-09-21T04:00:00Z
Major Change Type
Status Change
Price Change Timestamp
2026-05-22T04:36:27Z
Status Change Date
2026-09-23
Under Contract Date
2026-08-12
Close Date
2026-09-21
Close Price
460000

More Information

Entry Information

Entry Level
Yes

Leasing Permitted Details

Leasing Permitted YN
Yes

Buyer Details

Country of Origin
United States
Intended Use
Investment
Buyer State
Florida
Zip Code
33068

Concessions

Seller Concessions
No

Price Calculations

Current Price To SqFt
313.35

Section Details

Parcel Number MLX
0360

Originating Details

Originating System Key
391827642
Originating System ID
M00000151
IDX
Listing Office: London Foster Realty
Source MLS Verified
Last Updated: September - 23 - 2026
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