For SaleSingle Family ResidenceResidentialSingle Family Home1624 E River Dr, Margate FL 33063

1624 River Dr, Margate, FL, 33063

2 beds
1, 1 bath
975 sq ft
$380,000
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Property Features

  • Status:
  • Category: ,
  • Type: ,
  • Subdivision Name: MARGATE 3RD ADD
  • Bedrooms: 2
  • Bathrooms: 1, 1
  • Half Baths: 0
  • Living Square Feet: 975 sq ft
  • Lot Size Square Feet: 7998 sq ft
  • Area: 975 sq ft
  • Lot size, sq ft: 7998 sq ft
  • Tax Year: 2025
  • Tax Annual Amount: $5,795
  • Original List Price: $380,000
  • SubdivisionName: MARGATE 3RD ADD
  • DOM: 0
  • ListOfficeName: Luxe Properties
  • MLS ID: A11935605
  • GarageSpaces: 1
  • ListAOR: Miami Association of REALTORS®

Description

  • 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.

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Building Details

  • ArchitecturalStyle: Detached, Other
  • Building Area Total: 1626 sq ft
  • Parking Features: Other
  • View: Other
  • Building Name: MARGATE 3RD ADD
  • Covered Spaces: 1
  • Construction Materials: Concrete Block Construction
  • NewConstructionYN: No
  • Garage Spaces: 1
  • Garage Y/N: Yes
  • Exterior material:
  • Roof:
  • Parking:

Rooms

  • Room Bedroom Features: Entry Level
  • Room Living Room Features: Other

Amenities & Features

  • Features:
  • Amenities:
  • CommunityFeatures: Public Road
  • ExteriorFeatures: Fruit Trees, Other
  • Water Source: Municipal Water
  • Architectural Style: Detached, Other
  • Waterfront available: No
  • View Y/N: Yes
  • GarageYN: Yes
  • Appliances: Microwave, Electric Range, Refrigerator
  • AttachedGarageYN: No
  • Sewer: Public Sewer
  • Exterior Features: Fruit Trees, Other
  • Cooling Y/N: Yes
  • Cooling: Central Air
  • CoolingYN: Yes
  • Interior Features: First Floor Entry, Other
  • Heating: Central
  • PoolPrivateYN: No
  • Flooring: Other
  • FireplaceYN: No

Location

  • Direction Faces: North
  • County: Broward County

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This , style property is located in Margate is currently , . This property is listed at $380,000. It has 2 beds, 1, 1 bath, and has 975 sq ft. The property was built in the year Resale, 1959. Listing courtesy of Luxe Properties
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