$590,000
Active
$590,000
7621 23rd
Margate, FL 33063
3 bd2 ba2,117 sqft
Springs Gateway
$470,000856 days on marketActive
6990 SW 1st Street, Margate, FL 33068
Margate, FL 33068
5
Beds
2
Baths
1,468
Sq Ft
$320
$/Sq Ft
1978
Year Built
1 car
Garage
0.15 acres
Lot Size
Listing Snapshot
| List Price | $470,000 |
| Price / Sq Ft | $320 |
| Beds | 5 |
| Baths | 2 |
| Living Area | 1,468 sqft |
| Lot Size | 0.15 acres |
| Year Built | 1978 |
| Property Tax | $6,913/yr |
| HOA / Condo Fee | $0 |
| MLS # | 1117945775 |
| Status | Active |
| Days on Market | 856 |
About This Home
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 June 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!
General Features
- Property Type
- Residential
- Sub-type
- SingleFamilyResidence
- Stories
- 1
- Direction Faces
- North
- Garage Spaces
- 1
- Parking
- Driveway
- Zoning
- R-3
- Subdivision
- ORIOLE-MARGATE SEC 5
Interior Features
- Appliances
- Dryer,ElectricRange,Refrigerator,Washer
- Flooring
- CeramicTile,Tile
- Heating
- Central,Electric
- Cooling
- CentralAir,Electric
- Interior Features
- BedroomOnMainLevel,MainLevelPrimary
Exterior Features
- Construction
- Block
- Exterior Features
- Other
- Roof
- Shingle
- Fencing
- Fenced
- Pool
- No
- View
- Garden
- Waterfront
- No
Community Features
- Association Amenities
- Other
- Association Dues
- $0
- MLS Area
- 3633
Schools
ElementaryAtlantic West
MiddleMargate
HighCoconut Creek
Map
Virtual Tour
View Virtual TourListed by Denise Haeussler Leatherbee · London Foster Realty
MLS# 1117945775 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
MLS# 1117945775 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
Interested in this home?
Schedule a showing or ask a question — buyer representation is free.
Estimate Your Payment
$
20% down · Loan: $376,000
%
Est. Monthly$3,141
Principal & Interest$2,565
Property Tax$576
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.
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