400 NW 65, Margate, FL 33063

$3,850,000 · Active

  • 0 baths
  • 16,969 sq ft
  • Quadruplex
  • Built 1973
  • HOA $22/mo
  • Broward County
  • MLS# A12057227
  • Atlantic Palms Condo
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About this home

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

Features

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

The Real Estate Lab, Inc. · broker@trel.miami · Listing agent: Yaacov Yinon Poston

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Schedule a showing

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 400 NW 65.

Questions About 400 NW 65

How much is 400 NW 65?
400 NW 65 is listed at $3,850,000, which is about $227 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.
What are the association fees at 400 NW 65?
The listing reports an association fee of $22 per month. Confirm what the fee covers, the reserve funding and any pending special assessments before you make an offer; for a condo, ask for the milestone inspection report as well.
What are the property taxes on 400 NW 65?
The listing reports annual property taxes of $3,267 for 2024. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.
When was 400 NW 65 built?
400 NW 65 was built in 1973 and the listing describes its condition as resale. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.
How long has 400 NW 65 been on the market?
400 NW 65 has been listed for 101 days, and the asking price has been reduced from $3,950,000. Days on market and price changes are the first signals of how much room there is to negotiate.
How do I see 400 NW 65?
Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

To request a tour, call (786) 914-1017 or email sales@breakthrurealty.com.

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Margate Neighborhoods

Nearby ZIP Codes

Margate neighborhoods include North Margate and Margate Shores. Nearby ZIP codes include 33068. Compare it with the Margate housing market report.