22 Units Of Atlantic Palms

400 Northwest 65th Avenue, Margate, FL, USA ,

0 ft²

For Sale · Listing

$3,350,000

Est. Payment

$11,612/mo

Request Showing

Facts

Property Type

Mid Rise

Year Built

N/A

Price per sq. ft.

0 ft² (Lot Size)

Subdivision

N/A

Sq. Ft.

0 ft²

Sq. Mt.

0 m²

Days on Market

0 day(s)

Data Listed

Mar 19, 2024

Remarks

EXECUTIVE SUMMARY:
For sale: 22 out of 76 condominium units in a Class B property located in Margate, FL. Situated adjacent to numerous retailers, including Starbucks and Walmart, this property offers a promising investment opportunity. Currently priced at a 6.64% cap rate, with minimal enhancements, the potential exists to elevate it to a 8.17% cap rate.

PROPERTY FACTS:
Price $3,350,000
Price Per Unit. $44,079
Sale Type Investment
Cap Rate. 7.34%
No. Units. 76
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class. C
Lot Size 3.48 AC
Building Size. 16,985 SF
Average Occupancy 100%
No. Stories 2
Year Built 1974

UNIT AMENITIES:
Air Conditioning
Microwave
Kitchen

SITE AMENITIES:
Pool
Waterfront
Lounge

Financial Considerations

Location

400 Northwest 65th Avenue, Margate, FL, USA ,

·Get Direction

Schools

Mortgage Calculator

Includes principal and interest, taxes and insurance.

Mortgage amount

Down payment (%)

Interest rate (%)

Period

30 years

Total cost of mortgage:$4,180,360

Monthly payments:$11,612

The listing database relating to real estate for sale, for rent or last sold on this website comes from and is provided here for consumers personal, non-commercial use, It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked. Database provided is deemed reliable but not guaranteed.

Elena Dmitrieva

elenarealtormiami@gmail.com

(305) 645-2500