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400 NW 65, Margate FL 33063

Margate, FL 33063

$3,590,000

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Price
$3,590,000
Square feet
16,969
Property type
Quadruplex
Year built
1973
MLS number
A12057227

This listing is courtesy of The Real Estate Lab, Inc., 844-299-3499.

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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

Details

Property type
Quadruplex
Year built
1973

Location

Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.

Newmar Brokerage, LLC

400 NW 65, Margate FL 33063 | Newmar Brokerage, LLC