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
Details
| MLS # | A12057227 |
|---|---|
| Listing Type | For Sale |
| HOA Dues | $22 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1973 |
| Days On Site | 63 |
| Listing Provided By | The Real Estate Lab, Inc. | Yaacov Yinon Poston |
Features
| SQ Feet | 16,969 |
|---|---|
| Pool | Yes |
| Story(s) | 2 |
| Units | 1 |
| Zoning | R-3 |
Taxes
| Tax Annual Amount | 3267 |
|---|
Area Information
| State | FL |
|---|---|
| County | Broward |
| City | Margate |
| Zip Code | 33063 |
| Area | 5940 Other Florida County |
| Community Name | ATLANTIC PALMS CONDO |
| Listing VS Median (in ATLANTIC PALMS CONDO) | |
Price: $3,950,000 low | high Med: $2,400 sqft: 16,969 low | high Med: 990 $ / sqft: $233 low | high Med: $2 On site: 63 low | high Med: 39 | |
Market Activity 33063
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Learn More About This Property
| State | FL |
|---|---|
| County | Broward |
| City | Margate |
| Zip Code | 33063 |
| Area | 5940 Other Florida County |
| Community Name | ATLANTIC PALMS CONDO |
| Listing VS Median (in ATLANTIC PALMS CONDO) | |
Price: $3,950,000 low | high Med: $2,400 sqft: 16,969 low | high Med: 990 $ / sqft: $233 low | high Med: $2 On site: 63 low | high Med: 39 | |