740 NW 74th Ter, Margate, FL 33063

SingleFamilyResidence · Active

$339,500

740 NW 74th Ter, Margate, FL 33063 — MLS photo

Miami Foreclosures & Bank-Owned Properties

740 NW 74th Ter, Margate, FL 33063

Bedrooms
2
Bathrooms
2
Interior
1,690 sq ft
Price / sq ft
$201/sq ft
Built
1973
Lot
5,405 sq ft

The residence

Welcome to a PRE-CERTIFIED RESALE HOME! What does that mean for you? Confidence and peace of mind! This beautifully maintained home has already been inspected and appraised ABOVE the asking price! Located in a peaceful 55+ community, this move-in-ready home offers 2 bedrooms, 2 full baths, a full dining room, living room, kitchen, and TWO additional flexible spaces that can become bedrooms, a home office, den, or sitting room. Pride of ownership shines throughout! Major improvements include a roof and water heater approximately 6 years old, A/C approximately 2–3 years old, and hurricane-impact windows and doors throughout. Step outside to your covered patio, relax with your morning coffee, and enjoy tranquil canal views. Even better, the Documents section includes the inspection report, appraisal, estimated insurance costs, receipts for improvements, and permits. No guessing about the major improvements; the documentation is there for you to review! Just minutes from shopping, dining, and South Florida's beautiful beaches, this home offers the perfect combination of comfort, flexibility, convenience, and peace of mind. The homework has been done. Now it's time to enjoy the Florida lifestyle!

Property location

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740 NW 74th Ter, Margate, FL 33063

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,690 sq ft
Flooring
Ceramic Tile
Appliances
Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Self Cleaning Oven
Cooling
Central Air, Ceiling Fans, Electric
Heating
Central, Electric
Interior features
Bedroom On Main Level, First Floor Entry, Pantry, Walk In Closets

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1973
Lot size
5,405 sq ft
Architectural style
Detached, One Story
Roof
Composition, Shingle
Construction
Block
Exterior features
Awnings, Enclosed Porch, Security High Impact Doors
Pool
None
Waterfront
Canal Front
View
Canal

Parking

Garage spaces
1
Covered spaces
1
Parking features
Attached, Driveway, Garage, On Street, Garage Door Opener

HOA, Community & Financials

Association fee
$282 Quarterly
Security
Smoke Detectors
Annual tax
$3,819
Subdivision
PARADISE GARDENS SEC 4
County
Broward
Days on market
7
MLS listing ID
A12115310
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

$1,359

Cap rate
10.5%
Net yield
10.5%
Cash-on-cash return
17.2%
Gross yield
14.1%
Mortgage payment
$1,609/mo
Down payment
$84,875
Loan amount
$254,625
Annual NOI
$35,617

Estimates only — includes 5 % maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.

Get More Info About This Property

740 NW 74th Ter, Margate, FL 33063