7640 NW 18th Street 401, Margate, FL 33063 — MLS photo

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7640 NW 18th Street 401, Margate, FL 33063

Active · Condominium

$130,000

7640 NW 18th Street 401, Margate, FL 33063

Beds
2
Baths
2
Living area
1,000 sq ft
$ / sq ft
$130/sq ft
Year built
1979
Lot size
—
HOA fee
$667
Annual tax
—

About this property

PANORAMIC VIEW, TOP FLOOR 4TH FLOOR, SOUTH EAST CORNER. COMPLETE ACCORDION HURRICANE SHUTTERS. NEW ROOFS IN 2025 PAID FOR NO SPECIAL ASSESSMENT. 20% DOWN PAYMENT REQUIRED PER CONDO DOCUMENTS AND CONDO ASSOCIATION. NO SPECIAL ASSESSMENT. NEW PARKING LOTS TO BE INSTALLED NO SPECIAL ASSESSMENT. 40 YEAR INSPECTIONS COMPLETED, NO PROBLEM. VERY WELL RUN ASSOCIATION ACTIVE BOARD OF DIRECTORS FULL TIME ON SITE PROPERTY MANAGER + EXECUTIVE ASSISTANT, 5 CUSTODIANS. LISTING AGENT CAN GIVE YOU THE FULL TOUR OF THE COMPLEX. NEW ELEVATORS, BIG STORAGE LOCKERS, TRASH CHUTE, RECYCLING AREA, BIKE STORAGE, CLUBHOUSE PLUS SEPARATE COMMUNITY ROOMS IN BUILDING 15. GYM, LIBRARIES, SAUNAS, 2 HEATED POOLS, AUDITORIUM / EVENT / DANCE HALL FULL CATERING KITCHEN. CAR WASH AREA. CHECK OPEN SCHEDULE ON INTERNET CLUBHOUSE, SEPARATE COMMUNITY ROOMS IN BUILDING 15 OVER LOOKING THE SECOND POOL. GYM, LIBRARIES, 4 SAUNAS, 2 HEATED POOLS, AUDITORIUM / EVENT / DANCE HALL WITH FULL CATERING KITCHEN. CAR WASH AREA WITH ELECTRIC FOR VACUUM CLEANER, BILLIARDS ROOM, 8 SHUFFLE BOARD COURTS, GAS BARBEQUE AND CHARCOAL BBQ GRILLS. FULLY STAFFED ON SITE OFFICE MONDAY TO FRIDAY 9PM TO 5PM . CHECK OPEN SCHEDULE ON INTERNET.

Property location

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7640 NW 18th Street 401, Margate, FL 33063

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,000 sq ft

Exterior & Structure

Property type
Condominium
Year built
1979
Lot size
0 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$667
County
Broward
MLS listing ID
B26026322
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

$353

Cap rate
8.9%
Net yield
8.9%
Cash-on-cash return
11.6%
Gross yield
19.9%
Mortgage payment
$616/mo
Down payment
$32,500
Loan amount
$97,500
Annual NOI
$11,632

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