Main Content

1231 W River Drive, Margate, FL 33063 (MLS# F10124102)

1231 W River Drive, Margate, FL 33063

$461,000
Property Type: Residential Income Square Footage: 3,640 Status: Closed
Current Price: $461,000 List Date: 5/22/2018 Last Modified: 8/10/2026

Overview

Description

HIGHEST & BEST OFFER (PRICE & TERMS) DUE BY MON. JUNE 18 AT 12:00pm. SUBMIT THE BEST OFFER THE 1st TIME. This fully occupied fourplex has three 2/1 and one 2Bed+den/1Bath (patio converted into a den/bedroom) units. The building sits on a serene lake and has ample parking. Tile throughout units. Community laundry room. No showings until fully executed contract. Drive by only and do NOT disturb the tenants. Owner pays for water/waste/sewer & electric in common area. Tenants pay for own electric in units.

Listing Details MLS# F10124102

General Property Information

Number Of Units Total
4
Property Sub Type
Quadruplex
Building Area Main
3640
Living Area Main
2166
Year Built
1959
Waterfront YN
Yes
Water Frontage Feet
75
Outdoor Living Spaces YN
Yes
Stories Total
2
Pool Private YN
No
Spa YN
No
LP/Assessed Value
1.45

Property Features

Association Amenities: Laundry Association Fee Includes: Trash; Water Documents Available: Copy Of Lease(s); Existing Survey Flooring: Tile Property Condition: Resale Construction Materials: CBS Cooling: Wall/Window Unit(s) Heating: Window/Wall Listing Terms: Cash; Conventional Possession: Negotiable Roof: Tar/Gravel Sewer: Public Sewer Special Information: Sold As-Is Tax Information: City/County Utilities: Cable Available Water Access: None Water Source: Public Waterfront Features: Lake Front Window Features: Blinds Outdoor Living Spaces: Balcony; Porch Balcony Details: Balcony - Open Porch Details: Porch - Open Contingencies: Inspection Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
459900

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
1231
Street Direction Prefix
W
Street Name
River
Street Suffix
Drive
City Name
Margate
State Or Province
FL
Postal Code
33063
Postal Code +4
3559
Postal Zip
33063
Subdivision Name
Margate 3rd Add-Resub Of
Area
3632
Geographic Area
NW41 - North Broward 441 To Everglades (3611-3642)
Parcel Number
484125040170
Zoning
R-3

Financial Information

Tax Annual Amount
7639
Tax Year
2017
Tax Assessed/SOH Value
318050
Tax Legal Description
MARGATE 3RD ADD-RESUB OF POR 47-25 B LOT 3 S 4,4 BLK Y
Assessor Market Value
318050

Status Change Information

Major Change Timestamp
2018-07-27T23:31:57Z
Major Change Type
Status Change
Status Change Date
2018-07-30
Under Contract Date
2018-06-19
Close Date
2018-07-27
Close Price
461000
Buyer Financing
Conventional

More Information

Co-Ownership

Property Management YN
No

Short Sale Details

Short Sale Addendum
No

Income and Expenses

Gross Scheduled Income
48000

Unit 1 Details

Actual Rent
950
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No

Unit 1 Lease Description

Lease Term
Month To Month

Unit 2 Details

Actual Rent
1050
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No

Unit 2 Lease Description

Lease Term
Month To Month

Unit 3 Details

Actual Rent
1000
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No

Unit 3 Lease Description

Currently Leased YN
Yes

Unit 4 Details

Actual Rent
1000
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No

Unit 4 Lease Description

Lease Term
Month To Month

Concessions

Seller Concessions
Yes
Seller Concessions Amount
5000

Price Calculations

Current Price To SqFt
212.83
Original List Price To Close Price
Yes

Section Details

Parcel Number MLX
0170

Originating Details

Originating System Key
476097536
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
FLL

Association Amenities

Laundry
Yes

Association Fee Includes

Trash
Yes
Water
Yes

Flooring

Tile
Yes

Property Condition

Resale
Yes

Special Information

Sold As-Is
Yes

Documents Available

Copy Of Lease(s)
Yes
Existing Survey
Yes

Possession

Negotiable
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes

Heating

Window/Wall
Yes

Water Access

None
Yes

Window Features

Blinds
Yes

Construction Materials

CBS
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Tar/Gravel
Yes

Water Source

Public
Yes

Waterfront Features

Lake Front
Yes

Cooling

Wall/Window Unit(s)
Yes

Tax Information

City/County
Yes

Outdoor Living Spaces

Balcony
Yes
Porch
Yes

Balcony Details

Balcony - Open
Yes

Porch Details

Porch - Open
Yes

Contingencies

Inspection
Yes

Acreage Description

Less Than 1/4 Acre Lot
Yes
IDX
Listing Office: RE/MAX In Motion Inc
Last Updated: August - 10 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Skip to content