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400 NW 65

Margate, FL

Listing Details

  • $3,950,000
  • MLS# A12057227
  • Type Multi Unit - Multiple
  • Status Active
  • 16,969
    Square Feet
  • 1973
    Year Built

Description

22-Unit Investment Portfolio ? Atlantic Palms | Margate, FLExceptional opportunity to acquire a 22-unit condominium portfolio within the established Atlantic Palms community in Margate, Florida. This bulk offering includes 22 of the communitys 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... Read more concrete block construction.Ideally located just off Atlantic Boulevard, west of US-441 and less than one mile from Floridas Turnpike, the property offers excellent access to major employment centers, shopping, dining, schools, and public transportation. Nearby retailers include Walmart, Publix, Sedanos, 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 Countys most desirable rental markets.16,969 SF | 42 Bedrooms | 25 BathroomsDiverse mix of 1-, 2-, and 3-bedroom unitsConcrete block construction with central A/CPrime location near Atlantic Blvd., US-441 & Floridas TurnpikeStabilized asset with significant rental upside

Key Features

No amenity information available.

View All Features
400 NW 65
Margate, FL 33063
Subdivision
ATLANTIC PALMS CONDO
County
Broward

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All Property Features

  • Property Type: Multi Unit - Multiple
  • Cooling: Central Air
  • Crops Included Y/N: No
  • Days on Site: 9
  • Exterior: CBS Construction
  • Flooring: Concrete
  • Heating: Central
  • HOA Fee: 22/ Monthly
  • Home Warranty Y/N: No
  • Lease Considered Y/N: No
  • Listing Terms: All Cash
  • Lot Description: Less Than 1/4 Acre Lot
  • Parcel#: 484136AB0660
  • Pool: Auto Pool Clean
  • Property Attached Y/N: No
  • Property Sub-Type: Quadruplex
  • Roof Type: Other
  • Sewer: Public Sewer
  • Stories: 2.0
  • Taxes: $3,267
  • Year Built: 1973

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