Basic Information

  • MLS # A11935605
  • Type Single Family Home
  • Subdivision/Complex Margate 3rd Add
  • Year Built 1959
  • Total Sqft 7,998
  • Date Listed 12/26/2025
Description

Prime Investment Opportunity! This single-family residence presents a high-yield opportunity for savvy investors looking to capitalize on the robust Margate rental market. Situated on a generous 7,998 square foot lot, this property offers the ideal footprint for a "buy-and-hold" strategy or a strategic value-add renovation. The home currently features a functional 2-bedroom, 1-bathroom layout. The location is a major draw for long-term equity growth, nestled in a quiet residential pocket with no HOA restrictions, allowing for maximum flexibility in management and leasing. The property is ideally positioned near major South Florida thoroughfares, local parks, and shopping hubs, ensuring low vacancy rates and high tenant demand. Whether you are looking to fix-and-flip in a neighborhood where renovated homes are commanding premium prices or seeking a steady cash-flowing asset to add to your portfolio.

Exterior Features

  • Waterfront No
  • Parking Spaces 1
  • Pool No
  • Parking Description Other
  • Exterior Features Fruit Trees, Other

Interior Features

  • Adjusted Sqft 975Sq.Ft
  • Interior Features Bedroom On Main Level, First Floor Entry
  • Sqft 975 Sq.Ft

Property Features

  • Aprox. Lot Size 7,998
  • Furnished Info No
  • Lot Description Less Than Quarter Acre
  • Short Sale Regular Sale
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info Margate 3rd Add
  • Tax Amount $5,795
  • Tax Year 2025

1624 E River Dr

Margate, FL 33063

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