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Golden Palms Apartments 6000 NW 7th St 24 Unit Apartment Building For Sale Margate, FL 33063
Investment Highlights
- 24-unit multifamily asset in a high-demand Broward County submarket.
- Diverse unit mix: studios, one-bedroom, and two-bedroom units. Interior upgrades including granite countertops, tile flooring, and updated cabinetry.
- Proximity to major retailers including Walmart, Marshalls, Ross, Starbucks, TD Bank, Wells Fargo, and McDonald’s.
- Strong in-place income with additional upside to market rents.
- Located along State Road 7 with immediate access to retail, dining, and services.
- Less than one mile from Florida’s Turnpike, providing strong regional connectivity.
Executive Summary
Cushman & Wakefield is pleased to present Golden Palms Apartments, a 24-unit, garden-style multifamily community located at 6000 NW 7th Street in Margate, Florida. The property sits on approximately 0.59 acres along State Road 7, one of Broward County’s primary north–south commercial corridors.
Golden Palms benefits from strong surrounding retail density, proximity to major employment centers, and excellent access to regional transportation. The property is located less than one mile from Florida’s Turnpike and is within walking distance of neighborhood parks and local amenities.
Built in 1974, the two-story concrete block property offers a diverse unit mix and has received significant capital improvements, including a new roof, upgraded electrical panels, fresh exterior paint, and interior unit upgrades.
Golden Palms benefits from strong surrounding retail density, proximity to major employment centers, and excellent access to regional transportation. The property is located less than one mile from Florida’s Turnpike and is within walking distance of neighborhood parks and local amenities.
Built in 1974, the two-story concrete block property offers a diverse unit mix and has received significant capital improvements, including a new roof, upgraded electrical panels, fresh exterior paint, and interior unit upgrades.
Property Facts
| Sale Type | Investment | Lot Size | 0.59 AC |
| No. Units | 24 | Building Size | 14,340 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1974 |
| Building Class | C | Parking Ratio | 2.23/1,000 SF |
| Zoning | R-1, Margate - Residential | ||
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 14,340 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 2.23/1,000 SF |
| Zoning | R-1, Margate - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | 500 |
| 1+1 | 8 | - | 600 |
| 2+1 | 4 | - | 885 |
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Walk Score®
Very Walkable (78)
Property Taxes
| Parcel Number | 48-41-36-06-0020 | Improvements Assessment | $3,307,140 |
| Land Assessment | $180,360 | Total Assessment | $3,487,500 |
Property Taxes
Parcel Number
48-41-36-06-0020
Land Assessment
$180,360
Improvements Assessment
$3,307,140
Total Assessment
$3,487,500
Contacts
-
Mitash Kripalani, CCIM -
Virgilio Fernandez, CCIM, MSIRE -
Alain Crego -
Milan Patel -
Cushman & Wakefield
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Golden Palms Apartments | 6000 NW 7th St
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