22-Unit Investment Portfolio – Atlantic Palms Margate, FL 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
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Margate is located in Florida. Margate, Florida has a population of 58,331. Margate is less family-centric than the surrounding county with 19.7% of the households containing married families with children. The county average for households married with children is 27.2%.
The median household income in Margate, Florida is $52,881. The median household income for the surrounding county is $64,522 compared to the national median of $69,021. The median age of people living in Margate is 46.6 years.
The average high temperature in July is 90.8 degrees, with an average low temperature in January of 57.4 degrees. The average rainfall is approximately 60.8 inches per year, with 0 inches of snow per year.
