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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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400 NW 65 , Margate, FL 33063
$3,950,000
Est. Payment: $8,777.78/mo
44 Bed
25 Bath
16969 Sqft
Status: Active | Days on site: 59
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House 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

Highlights

Listed by Yaacov Poston , 305-467-8767 The Real Estate Lab, Inc. , 844-299-3499.

Property Type

Multi-Family

HOA Fee

22 Monthly

Year Built

1973

County

Broward

Area

3400

Neighborhood

Atlantic Palms Condo

Listing ID

A12057227

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:44
  • Bathrooms:25
  • Full Bathrooms:
Air Cond:Central Air
Fireplaces:
Floor:Concrete

Exterior Features

Lot:< 1/4 Acre
Garage Capacity:22
Zoning:R-3
Roof:Other
Sewer:Public Sewer
Principal Interest
$8,778
Taxes
$272
HOA
$22

Home Price

$3,950,000

Loan Details

30 yrs
%

Down Payment

20%
$790,000
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Monthly Price:
$8,777.78

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $8,777.78 $272.25 $22.00 $9,072.03
Yearly $105,333.33 $3,267.00 $264.00 $108,864.33
Total $3,160,000.00 $98,010.00 $7,920.00 $3,265,930.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Margate, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.