6000 NW 7th St - Apartments FOR SALE


Margate, FL 33063
$5,200,000 USD
786-271-5598
6000 NW 7th St, Margate, FL for Sale
$5,200,000 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

6000 NW 7th St
Margate, FL 33063


HIGHLIGHTS

  • 24-unit multifamily asset in a high-demand Broward County submarket.
  • Strong in-place income with additional upside to market rents.
  • Diverse unit mix: studios, one-bedroom, and two-bedroom units. Interior upgrades including granite countertops, tile flooring, and updated cabinetry.
  • Located along State Road 7 with immediate access to retail, dining, and services.
  • Proximity to major retailers including Walmart, Marshalls, Ross, Starbucks, TD Bank, Wells Fargo, and McDonald’s.
  • Less than one mile from Florida’s Turnpike, providing strong regional connectivity.

OVERVIEW

Cushman & Wakefield is pleased to present Golden Palms Apartments, a 24-unit, garden-style multifamily community located at 6000 NW 7th Street in Margate, Florida. The property sits on approximately 0.59 acres along State Road 7, one of Broward County’s primary north–south commercial corridors. Golden Palms benefits from strong surrounding retail density, proximity to major employment centers, and excellent access to regional transportation. The property is located less than one mile from Florida’s Turnpike and is within walking distance of neighborhood parks and local amenities. Built in 1974, the two-story concrete block property offers a diverse unit mix and has received significant capital improvements, including a new roof, upgraded electrical panels, fresh exterior paint, and interior unit upgrades.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$363 USD /SF

# OF UNITS

24

PRICE/UNIT

$216,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Golden Palms Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

R-1, Margate

APN/PARCEL ID

48-41-36-06-0020

ASK ABOUT THIS PROPERTY

Mitash Kripalani, CCIMCushman & WakefieldMore Info
786-271-5598

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Mitash Kripalani, CCIMCushman & WakefieldMore Info
786-271-5598

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