Multifamily

Tropical View Apartments

6095 NW 8th St, Margate, FL 33063

Listing Price: $4,805,000

Cap Rate
5.18%
Number of Units
31
GRM
10.34
Occupancy
95.0%
Price/Unit
$155,000
Price/Gross SF
$180.06
Gross SF
26,685

Investment Overview

Margate Manor is made up of 31 multifamily apartment units located in Margate, Florida. The structure is a two-story, garden style apartment building totaling 26,685 square feet made out of concrete block with painted stucco constructed in 1973. The total lot size is 35,441 square feet and is zoned R-3. The unit mix is comprised of 23 Two-Bedroom / Two-Bathroom apartments, seven (7) One-Bedroom / One-Bathroom Units and one studio. All the units have tile flooring throughout and central air conditioning units while some of the units have been renovated to include granite countertops and hardwood cabinets.

Investment Highlights

  • All Units Contain Hardwood Cabinets and Granite Counter Tops
  • Tile Flooring Throughout
  • Strong Margate Rental Market
  • On Site Laundry and Pool
  • Located Just Off Of State Road 441 and Atlantic Blvd
  • Excellent Unit Mix Comprising of mostly Two-Bedroom/Two-Bathroom Units

Exclusively Listed By

Financing By

Multifamily

Tropical View Apartments

Listing Price: $4,805,000

Cap Rate
5.18%
Number of Units
31
GRM
10.34
Occupancy
95.0%
Price/Unit
$155,000
Price/Gross SF
$180.06
Gross SF
26,685

Investment Highlights

  • All Units Contain Hardwood Cabinets and Granite Counter Tops
  • Tile Flooring Throughout
  • Strong Margate Rental Market
  • On Site Laundry and Pool
  • Located Just Off Of State Road 441 and Atlantic Blvd
  • Excellent Unit Mix Comprising of mostly Two-Bedroom/Two-Bathroom Units

Investment Overview

Margate Manor is made up of 31 multifamily apartment units located in Margate, Florida. The structure is a two-story, garden style apartment building totaling 26,685 square feet made out of concrete block with painted stucco constructed in 1973. The total lot size is 35,441 square feet and is zoned R-3. The unit mix is comprised of 23 Two-Bedroom / Two-Bathroom apartments, seven (7) One-Bedroom / One-Bathroom Units and one studio. All the units have tile flooring throughout and central air conditioning units while some of the units have been renovated to include granite countertops and hardwood cabinets.

Exclusively Listed By

Financing By

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