400 NW 65, Margate, FL 33063 (MLS# A12057227)

400 NW 65, Margate, FL 33063

New Listing

$3,950,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12057227

Property Type: Residential Income Square Footage: 16,969 Status: Active

Current Price: $3,950,000 List Date: 7/21/2026 Last Modified: 7/22/2026

Overview

Description

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 ... (Read more)

Listing Details MLS# A12057227

General Property Information

Number Of Units Total: Yes
Property Sub Type: Quadruplex
Building Area Main: 16969
Living Area Main: 16969
Adjusted Area Main: 16969
Year Built: 1973
Parking Total: 22
Stories Total: 2
Pool Private YN: Yes

Property Features

Documents Available: Rent Rolls Flooring: Concrete Property Condition: Resale Structure Type: Multi Family Construction Materials: CBS Cooling: Central Air Association Type: Condominium Heating: Central; Separate Meters Listing Terms: Cash Pool Features: Pool Sweep Possession: Close Of Escrow Roof: Other Sewer: Public Sewer Tax Information: City/County Utilities: Cable Available Showing Requirements: Call Listing Agent Unit 1 Parking Features: Open Parking

Contract Information

Comp Sale YN: No
Original List Price: 3950000

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 400
Street Direction Prefix: NW
Street Name: 65
City Name: Margate
State Or Province: FL
Postal Code: 33063
Postal Code +4: 5197
Postal Zip: 33063
Subdivision Name: ATLANTIC PALMS CONDO
Area: 5940 - Other Florida County
Geographic Area: NDIX - North Broward Us1 To Dixie Hwy (3311-3342)
Special Assessment YN: No
Parcel Number: 484136AB0660
Zoning: R-3
Flood Zone: X

Financial Information

Association YN: Yes
Association Fee: 22
Association Fee Frequency: Monthly
Estimated Monthly Assoc Recurring Fee: 22
Tax Annual Amount: 3267
Tax Year: 2024
Tax Legal Description: ATLANTIC PALMS CONDO UNIT 137 BLDG D PER CDO CIN #107483535

Status Change Information

Major Change Timestamp: 2026-07-21T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-07-21

More Information

Income and Expenses

Gross Income: 236215

Unit 1 Details

Actual Rent: 236215
Baths Full: 25
Efficiency YN: Yes
SqFt: 16969

Unit 1 Lease Description

Currently Leased YN: Yes

Price Calculations

Current Price To SqFt: 232.77

Section Details

Parcel Number MLX: 0660

Originating Details

Originating System Key: 534490134
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Flooring

Concrete: Yes

Property Condition

Resale: Yes

Documents Available

Rent Rolls: Yes

Structure Type

Multi Family: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes

Heating

Central: Yes
Separate Meters: Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes

Pool Features

Pool Sweep: Yes

Roof

Other: Yes

Cooling

Central Air: Yes

Association Type

Condominium: Yes

Showing Requirements

Call Listing Agent: Yes

Tax Information

City/County: Yes

Unit 1 Parking Features

Open Parking: Yes

Listing Office: The Real Estate Lab, Inc.

Last Updated: July - 22 - 2026

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