400 Nw 65, Margate, FL 33063
- $3,950,000
- 16,969
- SqFt
- List Price
- $3,950,000
- MLS#
- A12057227
- Sq. Ft
- 16,969
- Subtype
- Quadruplex
- County
- Broward
- Community
- Atlantic Palms Condo
- Subdivision
- Atlantic Palms Condo
- Year Built
- 1973
Property Description
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
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Additional Information
- Hoa
- Yes
- Hoa Amount
- 22
- Status Label
- ACTIVE
- Total Unitsin Complex
- 1
- Construction
- CBS Construction
- Cooling
- Central Air
- Flooring
- Concrete
- Heating
- Central
- Lot Description
- Less Than 1/4 Acre Lot
- Roof
- Other
- Taxes
- $3,267
- Total Floors
- 2
- Stories
- 2
- Roofing
- Other
- Price Per Sqft
- $232
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Listing Courtesy Of The Real Estate Lab, Inc., Contact: