400 NW 65th Ave - Apartments FOR SALE


Margate, FL 33063- Oriole Gardens
$3,950,000 USD
305-467-8767
400 NW 65th Ave, Margate, FL for Sale
$3,950,000 USD
Apartments - FOR SALE
1/43
null | 5.98% Cap Rate

400 NW 65th Ave
Margate, FL 33063
Oriole Gardens


OVERVIEW

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

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$46 USD /SF

# OF UNITS

22

PRICE/UNIT

$179,545

CAP RATE

5.98%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

22 Units of Atlantic Palms

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.48 AC

LAND SF

151,589 SF

ZONING

RD-6L

APN/PARCEL ID

48-41-36-AB-0030,48-41-36-AB-0230,48-41-36-AB-0460,48-41-36-AB-0620

ASK ABOUT THIS PROPERTY

Yaacov PostonThe Real Estate Lab, Inc.More Info
305-467-8767

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Yaacov PostonThe Real Estate Lab, Inc.More Info
305-467-8767

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.