Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to present Tropical View Apartments, a 16-unit boutique multifamily community located at 1241–1251 W River Dr in Margate, Florida. Ideally positioned on 0.71 acres along a quiet, well-kept lake just west of State Road 7, one of Margate’s primary north–south thoroughfares, the property offers residents a peaceful living environment with convenient access to major retail centers, restaurants, and entertainment options. Constructed in 1958, Tropical View Apartments features two concrete block, two-story buildings with a painted stucco exterior. The property is comprised of four two-bedroom/one-bathroom units averaging 1,118 square feet and twelve one-bedroom/one-bathroom units averaging 600 square feet. Select units have been upgraded with wood kitchen cabinetry, granite countertops, and ceramic tile flooring throughout, providing a blend of classic construction quality and modern interior finishes. With its desirable waterfront setting, durable construction, and proximity to key retail and employment corridors, River Drive Apartments represents an attractive opportunity to acquire a stable, well-located asset in the growing Broward County submarket of Margate.