Margate Tropical View Apartments is a quiet, 31-unit garden-style apartment community located in a desirable location. The property is situated just north of W Atlantic Boulevard & west of N state Rd 7, giving quick access to the region’s major employers and top retail destinations. Residents enjoy the convenient location with easy access to Florida Turnpike Freeway. Built-in 1973 and renovated in 2019, the property is 2-story level. With Margate multifamily vacancy rate is less than 5%, the property is positioned for strong occupancy.
The city of Margate has experienced growth in the past 10 years and shows no signs of slowing. Apartment fundamentals in the submarket have been incredibly resilient in the past year despite COVID, with 4% increase compared to the previous year, a testament to the strength of the market.
*UPDATE: SOLD APRIL 2021 With exceptional returns.