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22 Unit Investment Portfolio Atlantic Palms Margate, FLExceptional opportunity to acquire a 22 unit condominium portfolio within the established Atlantic Palms community in Margate, Florida.

Margate, FL 33063

Listing

Web ID:5796448
Website:https://www.nestseekers.com/5796448

Property

Ownership: For Sale
Type: Unknown

Financials

Price:$3,850,000
Annual Taxes:$3,267
Common charges:$22

Description

22-Unit Investment Portfolio – Atlantic Palms | Margate, FLExceptional 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 BathroomsDiverse mix of 1-, 2-, and 3-bedroom unitsConcrete block construction with central A/CPrime location near Atlantic Blvd., US-441 & Florida's TurnpikeStabilized asset with significant rental upside
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A12057227

Amenities

  • Cable - Available

Location

Margate FL 33063 USA

Contact

Palm Beach, FL
Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Phone: +1 561-725-9229
deborahg@nestseekers.com
Listing Courtesy of The Real Estate Lab, Inc.
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