Margate, FL 33063,1624 E River Dr
Margate, FL 33063,1624 E River Dr
2
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$380,000
Est. payment /mo
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2 Beds
1 Bath
975 SqFt
New

1624 E River Dr Margate, FL 33063

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 975 sqft

Price per Sqft $389

Subdivision Margate 3Rd Add

MLS Listing ID A11935605

Style Detached,Other

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1959

Annual Tax Amount $5,795

Tax Year 2025

Lot Size 7,998 Sqft

Property Sub-Type Single Family Residence

Property 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.

Location

State FL

County Broward

Community Margate 3Rd Add

Area 3632

Interior

Interior Features Bedroom on Main Level, First Floor Entry

Heating Central

Cooling Central Air

Flooring Other

Appliance Electric Range, Microwave, Refrigerator

Exterior

Exterior Feature Fruit Trees, Other

Garage Spaces 1.0

Pool None

View Other

Roof Type Shingle

Garage Yes

Private Pool No

Building

Lot Description < 1/4 Acre

Faces North

Sewer Public Sewer

Water Public

Architectural Style Detached, Other

Structure Type Block

Schools

Elementary Schools Margate Elem

Middle Schools Margate Middle

High Schools Coconut Crk High

Others

Senior Community No

Restrictions OK To Lease

Tax ID 484125032020

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Real Estate Owned, Listed As-Is


Miami Association of Realtors (SEFMIAMI MLS)
Listed by Luxe Properties

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1624 E River Dr

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Ingrid Centeno

Ingrid Centeno

Broker Associate | License ID: 3437611

+1(786) 450-2650

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