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Tropical View Apartments Margate 1241-1251 W River Dr Immeuble residentiel 16 lots 2 513 312 € (157 082 €/Lot) Taux de capitalisation 5,82 % Margate, FL 33063
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INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- 1958 Concrete Block Construction and a 2022 Roof
- Upgraded Cabinets, Granite Countertops, and Tile Flooring Throughout
- Located Just Off Of State Road 441 and Atlantic Boulevard
- Clean, Quiet Lakefront Property
RÉSUMÉ ANALYTIQUE
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.
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.
DATA ROOM Cliquez ici pour accéder à
- Offering Memorandum
INFORMATIONS SUR L’IMMEUBLE
| Prix | 2 513 312 € | Style d’appartement | Avec jardin |
| Prix par lot | 157 082 € | Classe d’immeuble | C |
| Type de vente | Investissement | Surface du lot | 0,29 ha |
| Taux de capitalisation | 5,82 % | Surface de l’immeuble | 1 084 m² |
| Multiplicateur du loyer brut | 9.44 | Occupation moyenne | 100% |
| Nb de lots | 16 | Nb d’étages | 2 |
| Type de bien | Immeuble residentiel | Année de construction | 1959 |
| Sous-type de bien | Appartement | Ratio de stationnement | 0,13/1 000 m² |
| Zonage | R-3 - Residential | ||
| Prix | 2 513 312 € |
| Prix par lot | 157 082 € |
| Type de vente | Investissement |
| Taux de capitalisation | 5,82 % |
| Multiplicateur du loyer brut | 9.44 |
| Nb de lots | 16 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | Avec jardin |
| Classe d’immeuble | C |
| Surface du lot | 0,29 ha |
| Surface de l’immeuble | 1 084 m² |
| Occupation moyenne | 100% |
| Nb d’étages | 2 |
| Année de construction | 1959 |
| Ratio de stationnement | 0,13/1 000 m² |
| Zonage | R-3 - Residential |
LOT INFORMATIONS SUR LA COMBINAISON
| DESCRIPTION | NB DE LOTS | MOY. LOYER/MOIS | m² |
|---|---|---|---|
| 1+1 | 12 | - | 56 |
| 2+1 | 4 | - | 104 |
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TAXES FONCIÈRES
| Numéro de parcelle | 48-41-25-04-0140 | Évaluation des aménagements | 0 € |
| Évaluation du terrain | 0 € | Évaluation totale | 1 455 088 € |
TAXES FONCIÈRES
Numéro de parcelle
48-41-25-04-0140
Évaluation du terrain
0 €
Évaluation des aménagements
0 €
Évaluation totale
1 455 088 €
CONTACTS
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Daniel Cunningham -
Evan Richardson -
River Rhoads -
Dillon Majeski -
Cory Sanchez -
Jason Nowik -
Marcus & Millichap
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Tropical View Apartments Margate | 1241-1251 W River Dr
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