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Florida
Margate FL, 29M
Margate
Cash
Multifamily 100+
$
29000000
Margate, FL
Description:
Details:
Rare opportunity of a 19-acre plot in a suburb of Miami, close to Lauderdale and Boca Raton. Already cash flowing and offering significant value-add opportunity.
Value Adds:
* Continue Unit Upgrade Program for $185+ Premiums
* Implement Covered Parking for a Fee
* Purchase Washer/Dryer Appliances to Rent
* Expense Reduction through Water Conservation Program
Miscellaneous:
Loan Assumption: $19,250,000 | End 2028 | 4.69% |
More details:
$
29000000
Margate, FL
CAP:
7.16%
Fee Paid By Buyer:
2%
NOI:
$2,076,000
Assumable Loan:
Yes
Seller Carry:
No
Doors:
189
Parking:
Price per Door:
$153,439
Keys:
Price per Key:
Assumable Amount:
$19,250,000 est.
Class:
A
Build Year:
1989
Reno Year:
Buildings:
28
Stories:
1
Under Roof SF:
Lot SF:
Zoning:
Contact us
For inquiries, reach out to taylor@introsatscale.com