400 NW 65 Margate, FL 33063
16,969 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 16,969 sqft
Price per Sqft $232
Subdivision Atlantic Palms Condo
MLS Listing ID A12057227
Style Fourplex
HOA Fees $22/mo
HOA Y/N Yes
Year Built 1973
Annual Tax Amount $3,267
Tax Year 2024
Property Sub-Type Quadruplex
Property Description
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
Location
State FL
County Broward
Community Atlantic Palms Condo
Area 3400
Interior
Heating Central
Cooling Central Air
Flooring Concrete
Exterior
Pool Cleaning System, Pool
Utilities Available Cable Available
Roof Type Other
Total Parking Spaces 22
Private Pool Yes
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Others
Tax ID 484136AB0660
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12057227
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