Property 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 August 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!
Address: 6990 SW 1st St, Margate FL 33068
City: Margate
Area: ORIOLE MARGATE SEC 5
State/County: Broward County
Zip: 33068
Property Id: 5970670
Price: $ 470,000
Property Size: 1,468 ft2
Property Lot Size: 0 ft2
Rooms: 0
Bedrooms: 5
Bathrooms: 2
ArchitecturalStyle: Detached, One Story
AssociationFee: 0
BathroomsFull: 2
BathroomsHalf: 0
BathroomsTotalDecimal: 2
BridgeModificationTimestamp: 2026-08-26T22:26:16.553Z
BuildingAreaTotal: 1793
BuildingAreaUnits: Square Feet
BuildingName: ORIOLE-MARGATE SEC 5
CarportSpaces: 0
CommunityFeatures: Other
ConstructionMaterials: CBS Construction
Contingency: Pending Inspections
ContractStatusChangeDate: 2026-08-12
Cooling: Central Air, Electric
CoveredSpaces: 1
DaysOnMarket: 847
DirectionFaces: North
ExpirationDate: 2027-08-21
Fencing: Fenced
Flooring: Ceramic Floor, Tile
GarageSpaces: 1
Heating: Central, Electric
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
InternetEntireListingDisplayYN: 1
ListAOR: A-Miami Association of REALTORS
ListAgentDirectPhone: 302-648-2277
ListAgentEmail: [email protected]
ListAgentFullName: Denise Haeussler Leatherbee
ListAgentKey: a94cd843f63d95f85c8ad8899a768eb0
ListAgentMlsId: 3401909
ListAgentOfficePhone: 305-514-0100
ListAgentStateLicense: 3401909
ListOfficeFax: 305-570-2220
ListOfficeKey: 5567b118d405af1cd4d38ddcd9ac30b5
ListOfficeMlsId: LNFS01
ListOfficeName: London Foster Realty
ListOfficePhone: 305-514-0100
ListingAgreement: Exclusive Agency
ListingContractDate: 2024-02-12
ListingId: A11531604
ListingKeyNumeric: 391827642
ListingTerms: All Cash, Conventional, Owner Will Carry
LivingAreaUnits: Square Feet
LotFeatures: Less Than 1/4 Acre Lot
LotSizeSquareFeet: 6497
LotSizeUnits: Square Feet
MIAMIRE_AdjustedAreaSF: 1547
MIAMIRE_LPAmtSqFt: 320.1635
MIAMIRE_PetsAllowedYN: 1
MIAMIRE_RATIO_CurrentPrice_By_SQFT: 320.16
MIAMIRE_Style: R30-No Pool/No Water
MIAMIRE_SubdivisionInformation: Other Subdiv/Park Info
MIAMIRE_TypeofAssociation: None
MLSAreaMajor: Oriole-margate Sec 5
MajorChangeTimestamp: 2026-08-17T15:10:36.867Z
MajorChangeType: Active Under Contract
MlsStatus: Active With Contract
ModificationTimestamp: 2026-08-26T22:23:21.210Z
OnMarketDate: 2024-02-12
OriginalEntryTimestamp: 2024-02-12T19:35:44.733Z
OriginalListPrice: 499999
OriginatingSystemID: miamire
OriginatingSystemKey: miamire
OriginatingSystemName: Miami Association of REALTORS®
OtherExpense: 0
ParcelNumber: 484135060360
ParkingFeatures: Driveway, Other
PendingTimestamp: 2026-08-12T04:00:00.000Z
PetsAllowed: Yes
PhotosChangeTimestamp: 2026-06-02T16:27:52.728Z
PhotosCount: 33
Possession: Funding
PostalCodePlus4: 1645
PreviousListPrice: 475000
PriceChangeTimestamp: 2026-05-22T03:36:27.470Z
PublicSurveyRange: 48
PublicSurveySection: 35
PublicSurveyTownship: 48
Roof: Shingle
Sewer: Public Sewer
ShowingInstructions: 24 Hour Notice, See Broker Remarks, Showing Assist
SourceSystemKey: 391827642
StateOrProvince: FL
StatusChangeTimestamp: 2026-08-17T15:10:36.867Z
StreetDirPrefix: SW
StreetName: 1st St
StreetNumber: 6990
StreetNumberNumeric: 6990
StructureType: R30-No Pool/No Water, House
SyndicationRemarks: 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 August 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!
TaxAnnualAmount: 6913
TaxLegalDescription: 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
TaxYear: 2023
View: Garden
WaterSource: Municipal Water
YearBuilt: 1978
YearBuiltDetails: Effective Year Built
Zoning: R-3
Has Cooling System
First Floor Entry
No Additional Rooms
Has a View
Has Garage
Has Heating System
Open Parking
Other
Dryer Electric Range Refrigerator Washer
Similar Listings
compare
Active
6138 Southgate Boulevard, Margate FL 33068 &...
$ 470,000
4
bedrooms
3
baths
1,534 ft2
size
compare
Active Under Contract
7741 SW 1ST Street, Margate FL 33068 –...
$ 475,000
3
bedrooms
2
baths
1,259 ft2
size
compare
Active
6138 SOUTHGATE Boulevard, Margate FL 33068 &...
$ 470,000
4
bedrooms
2
baths
1,534 ft2
size
