Investment Overview

Marcus & Millichap is pleased to present Oakland Hills Apartments, a 189-unit multifamily community located at 5451–5631 SW 11th Street in Margate, Florida. Built in 1988, the property consists of 28 buildings totaling 120,232 gross square feet across an expansive 18.81-acre site. The community features Cardinal construction, pitched shingle roofs, wall-unit air conditioning, an on-site swimming pool, and a lake, creating a low-density residential setting. The property offers a diverse unit mix consisting of 155 one-bedroom/one-bathroom units averaging 576 square feet, 23 two-bedroom/one-bathroom units averaging 864 square feet, 9 two-bedroom/two-bathroom units averaging 864 square feet, 1 three-bedroom/one-bathroom unit totaling 1,152 square feet, and 1 three-bedroom/two-bathroom unit totaling 1,100 square feet. The community's predominantly one-bedroom unit mix is complemented by larger two- and three-bedroom floorplans, providing housing options for a broad tenant base. Oakland Hills Apartments benefits from a central Broward County location with convenient access to State Road 7, Atlantic Boulevard, Florida's Turnpike, and the Sawgrass Expressway. The property is surrounded by established residential neighborhoods and is within convenient proximity to employment, retail, dining, schools, and recreational amenities throughout Margate, Coconut Creek, Coral Springs, and Pompano Beach. Oakland Hills Apartments presents investors with the opportunity to acquire a large-scale, low-density multifamily community with significant land area in an established Broward County rental market. The combination of 189 units across 28 buildings, nearly 19 acres of land, an on-site lake and swimming pool, and a diverse unit mix provides a unique investment opportunity with substantial long-term value.