1624 EAST RIVER DR, Margate
$380,000 USD 2 1
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| Address | 1624 EAST RIVER DR, Margate |
| Building Name | MARGATE 3RD ADD |
| Type of Property | Single Family Residence |
| Property Style | R30-No Pool / No Water |
| Price | $380,000 |
| Property Status | Active |
| MLS Number | A11935605 |
| Bedrooms Number | 2 |
| Full Bathrooms Number | 1 |
| Living Area | 975 |
| Lot Size | 7998 |
| Year Built | 1959 |
| Garage Spaces Number | 1 |
| Folio Number | 484125032020 |
| Zoning Information | R-1 |
| Days on Market | 0 |
Detailed 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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Address Information
| State | Florida |
| City | Margate |
| County | Broward County |
| Zip Code | 33063 |
| Address | 1624 EAST RIVER DR |
| Section | 25 |
| Zip Code (4 Digits) | 2826 |
Financial Information
| Price | $380,000 |
| Price per Foot | $0 |
| Folio Number | 484125032020 |
| Tax Amount | $5,795 |
| Tax Year | 2025 |
Full Descriptions
| Detailed 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. |
| Property View | Other |
| Design Description | Detached, Other |
| Roof Description | Shingle |
| Floor Description | Other |
| Interior Features | First Floor Entry, Other |
| Exterior Features | Fruit Trees, Other |
| Equipment Appliances | Microwave, Electric Range, Refrigerator |
| Cooling Description | Central Air |
| Heating Description | Central |
| Water Description | Municipal Water |
| Sewer Description | Public Sewer |
| Parking Description | Other |
Property parameters
| Bedrooms Number | 2 |
| Full Baths Number | 1 |
| Living Area | 975 |
| Lot Size | 7998 |
| Zoning Information | R-1 |
| Year Built | 1959 |
| Type of Property | Single Family Residence |
| Style | R30-No Pool / No Water |
| Building Name | MARGATE 3RD ADD |
| Development Name | MARGATE 3RD ADD |
| Construction Type | Concrete Block Construction |
| Street Direction | East |
| Garage Spaces Number | 1 |
| Listed with | Luxe Properties |