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6954 SW 5th St
Margate, FL 33068 Outer Coral Springs

$26,500,000 USD

Apartments For Sale  •  95,689 SF

Property Details

  • Property Type Apartments
  • Total Building Size 95,689 SF
  • Lot Size 6.43 AC
  • Building Class C
  • Year Built 1974
  • Cap Rate 6.24 %
  • Zoning R-3
30 Transit Score
56 Walk Score

Highlights

Excellent rental rate upside over the short and long terms
Professionally managed with extremely low deferred maintenance
Prime location in the heart of Broward County - offering residents easy access to all the area has to offer!
Extremely favorable local regulatory environment to property owners.
Central AC throughout!

Property Flyers

Financial Summary (Actual)

Net Operating Income: $16,540,422 USD (2023)
Cap Rate: 6.24 %

Amenities

  • 24 Hour Access
  • Dishwasher
  • Laundry Facilities
  • Microwave
  • Pool
  • Property Manager on Site
  • Washer/Dryer
  • Tile Floors
  • Kitchen
  • Granite Countertops
  • Tub/Shower
  • Storage Space

Public Transportation

Commuter RailDriveWalkDistance
Cypress Creek (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 11 min - 5.9 mi
Pompano Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 17 min - 8.4 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 27 min - 17.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 178
Type: Surface
Included in Rent: Yes
Martin Goldstein 561-310-0935 The Goldstein Group (MRG Associates, LLC)
Martin Goldstein 561-310-0935 The Goldstein Group (MRG Associates, LLC)