6990 SW 1st St, Margate, FL 33068

$499,999 Asking Price

5 beds
2 baths
1,468  sqft
Built in 1978

No HOA. Current ROI: 7.2% (potential ROI: 9,4%). Great investment property. The property is rented for $3,576 USD/month to a Section 8 tenant (as of June 2024, the government portion is $2,808 USD, the tenant $768 USD and the rent is on time). The rent may be increased to $4,491 USD (renewal date: November 30, 2024). The current management company can be facilitated. Please do not disturb the tenant or knock on the door!

Features & Amenities

Interior

General:
First Floor Entry, No Additional Rooms
Appliances:
Dryer, Electric Range, Refrigerator, Washer
Flooring:
Ceramic Floor, Tile
A/C:
true, Central Air, Electric
Heating:
true, Central, Electric

Exterior

General:
Other
Style:
Detached, One Story
Parking:
Driveway, Other

Construction

Roofing:
Shingle
General:
CBS Construction

Location

HOA Amenities:
0.0
Originating MLS:
Miami Association of REALTORS®
County:
Broward County

Lot

Zoning:
R-3, 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, 484135060360
View:
Garden
Fencing:
Fenced

Utilities

Water:
Municipal Water
Sewer:
Public Sewer

Financial

Source:
Miami Association of REALTORS®

This listing courtesy of:
London Foster Realty, Denise Haeussler Leatherbee

About Pompano Beach, FL

Housing

Number of Units
175,528
Median Home Value
$312,612
Median Rent
$1,365

35.74% of housing units are renter occupied.

13.46% are vacant.

Commute

Car
68.60%
Public Transportation
1.72%
Walk to Work
1.05%
Work from Home
26.11%
Other
2.02%

The median travel time to work is 23 minutes.

People

Population
380,742
Median Age
40.90
Median Household Size
2.70

Education

High School
28.74%
Associate’s Degree
8.34%
Bachelor’s Degree
20.28%
Graduate Degree
12.11%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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