6501 Winfield Boulevard A-40, Margate, FL 33063
Margate, FL, 33063 · MARGATE VILLAGE PHASE I CONDO
$149,000
1 bd · 1 ba · 720 sqft
About this home
Investor's dream in the heart of Margate Village! This 1BR/1BA condo (720 sq ft) is currently tenant-occupied at $1,750/month — turnkey income from day one with zero vacancy lag. With HOA dues at just $395/month covering exterior maintenance, insurance, landscaping, water, and access to community amenities, your cash flow stays strong and your management headache stays low. Even better: this community is NOT required to fully fund reserves on structural items — a major advantage in today's South Florida market where many associations are passing massive special assessments and reserve hikes onto owners. The unit features tile flooring throughout (no carpet!), a kitchen with ample cabinetry, a generous walk-in closet, and an enclosed patio with private parking-lot access.
The building
Margate Village Phase I
Market stats, every listing & what homes here are worth →
Location
Comparable residences
$114,900
2 bd · 2 ba · 1,100 sf
7561 NW 1st Street 207, Margate, FL 33063
Listing courtesy of Real Estate II Inc
$118,770
2 bd · 2 ba · 1,110 sf
7220 Lake Cir Drive 301, Margate, FL 33063
Listing courtesy of Current Capital Realty
$175,000
2 bd · 2 ba · 1,090 sf
5734 Coral Lake Drive 310, Margate, FL 33063
Listing courtesy of Keller Williams Coastal Partners
$184,000
2 bd · 2 ba · 1,019 sf
204 E Laurel Drive 1204, Margate, FL
Listing courtesy of Charles Rutenberg Realty FTL
$185,000
2 bd · 2 ba · 815 sf
5550 Lakeside Drive 203, Margate, FL 33063
Listing courtesy of Noah Realty
$100,000
1 bd · 2 ba · 775 sf
7807 Golf Cir Drive H 305, Margate, FL 33063
Listing courtesy of KW Reserve Palm Beach