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1624 E River Dr, Margate FL 33063

House For Sale
$380,000

BTC: 4.22222222

ETH: 125.20593081

11 days
2 bds
1 ba
975 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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

Florida • Margate • 33063 • House • For Sale

Facts and features

Type:
Residential
Parking:
Other
Year Built:
1959
Lot:
7998 Square Feet
Heating:
Central
Price/sqft:
$390
Cooling:
Central Air
HOA:
No Data
All facts and features

  • Flooring

    • Other

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Microwave

    • Electric Range

    • Refrigerator

    Other interior features

    • First Floor Entry

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 1

  • Parking

    • Other

    Property

    • Exterior Features: Fruit Trees / Other

    Lot

    • Lot: 7998 Square Feet

    Other Property Information

    • Parcel Number: 484125032020

    • Zoning: R-1

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Other financial information

    • Annual tax amount: $5,795

  • Source details

    • MLS ID: A11935605

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Direction Faces: North

    • Architectural Style: Detached / Other

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 975

    • Water Source: Municipal Water

    • Subdivision Name: MARGATE 3RD ADD

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Luxe Properties