New Listing - 12/26/2025
1624 E River Dr, Margate, FL, 33063
2 beds
1 Full baths
1959
Detached, Other
975 sqft
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.
Status:
Active
Type:
Single-family residential
Zoning:
R-1
Subdivision:
MARGATE 3RD ADD
Garage:
1-car Other
Heating:
Central
Cooling:
Central Air
Est. Taxes:
$5,795
Construction
Block
Lot Description:
< 1/4 Acre
View Description:
Other
Elementary School:
Margate Elem
Middle School:
Margate Middle
High School:
Coconut Crk High
Appliances:
Electric Range, Microwave, Refrigerator
Pool:
None
MLS #:
A11935605
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of LUXE PROPERTIES 305-809-7650