6501 Winfield Boulevard # 40, Margate FL 33063

$149,000

$207/sq ft

$11,000
Price Decreased

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Overview

Bedroom

1

Bath

1

Year Built

1972

Sqft

720

Property Type

Condominium

Property Description

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.

Property Details

MLS#

B26022632

Unit Floor

2

Total Floor in Bldg

2

Address

6501 Winfield

City

Margate

State/county

FL

Zip/Postal Code

33063

Area

Margate Village Phase I Co,margate Village

Country

United States

HOA

Yes

Assoc Fee

$395

Assoc Fee Pd

Monthly

Tax Amount

$2,932

Maint Fee

$--

Tax Year

2025

Dishwasher

Disposal

Microwave

Electric Range

Refrigerator

Self Cleaning Oven

Wall Oven

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Boris Gelfand