$3,850,000

Price reduced

400 NW 65, Margate FL 33063

16,969 sq ftBuilt 1973MLS# A12057227

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About this property

22-Unit Investment Portfolio – Atlantic Palms | Margate, FL
Exceptional opportunity to acquire a 22-unit condominium portfolio within the established Atlantic Palms community in Margate, Florida. This bulk offering includes 22 of the community's 76 units, providing investors with a stabilized, income-producing asset and strong value-add potential.
The portfolio consists of 16,969 rentable square feet featuring 42 bedrooms and 25 bathrooms across an attractive unit mix of 3 three-bedroom/two-bath units, 14 two-bedroom/one-bath units, and 5 one-bedroom/one-bath units. All units are equipped with central air conditioning and are built with durable concrete block construction.
Ideally located just off Atlantic Boulevard, west of US-441 and less than one mile from Florida's Turnpike, the property offers excellent access to major employment centers, shopping, dining, schools, and public transportation. Nearby retailers include Walmart, Publix, Sedano's, and The Home Depot.
With stable in-place income and the potential to increase rents to market levels, this portfolio presents an outstanding investment opportunity in one of Broward County's most desirable rental markets.

16,969 SF | 42 Bedrooms | 25 Bathrooms
Diverse mix of 1-, 2-, and 3-bedroom units
Concrete block construction with central A/C
Prime location near Atlantic Blvd., US-441 & Florida's Turnpike
Stabilized asset with significant rental upside

Features

  • Pool

Property details

Property type
Multi-family
Year built
1973
Living area
16,969 sq ft
Price per sq ft
$227
HOA fee
$22/mo
Property taxes
$3,267/yr
Parking
22 spaces
Floors in building
2
Building / community
Atlantic Palms Condo
Status
Price reduced
MLS #
A12057227

Listing courtesy of The Real Estate Lab, Inc..

Location