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$499,999

Beds
5
Baths
2.0
sq ft
1,468

6990 SW 1st St, Margate, FL 33068

6990 SW 1st St

Margate, FL 33068

  • 144 days on market
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!

Details

Property type

Single Family Residence

Est. home value

$417,256

Lot size

6,497 sq ft

Price per sq ft

$341

Year built

1978

Annual property taxes

$6,913

Price History

02/12/2024
SEF

SEF #A11531604

Listed
$499,999
+47.06%
07/07/2022
SEF

SEF #A11203710

Sold
$340,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Barnett Bank

Loan start date

September 1996

Original loan amount

$58,000

Est. remaining balance

Not provided

Interest rate

7.88%

Loan type

New Conventional

Seller

Tung Pham and Tam Do

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/04/2024 at 11:00 PM

Listing updated: 05/31/2024 at 1:33 PM

Listed by: Denise Haeussler Leatherbee, London Foster Realty Phone #: (305) 514-0100

MLS: SEF #A11531604

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