6954 SW 5th St | Margate, FL 33068
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- LoopNet Team
6954 SW 5th St
Margate, FL 33068
Waterford Villas · Multifamily Property For Sale
·
116 Units
INVESTMENT HIGHLIGHTS
- Rare 100+ Unit Value Add Property in Broward County, 29 Separately Folioed Buildings on Over 6 Acres
- Current Rents Approximately $300 Below Competitors, Numerous Opportunities to Add Additional Revenue
- Central Heating and Air-Conditioning and All New Windows and Exterior Doors in 2008
- High-Demand Margate Rental Market
- 98 Percent Two-Bedroom Floor Plans with 51 Upgraded Apartments Enabling Significant Rent Premium
- Gated Swimming Pool with Large Sundeck
PROPERTY FACTS
| No. Units | 116 | Building Size | 95,689 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1974 |
| Building Class | C | Parking Ratio | 1.86/1,000 SF |
| Lot Size | 6.43 AC | ||
| Zoning | R-3 - multiple-family residential | ||
| No. Units | 116 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 6.43 AC |
| Building Size | 95,689 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1974 |
| Parking Ratio | 1.86/1,000 SF |
| Zoning | R-3 - multiple-family residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Tile Floors
- Kitchen
- Granite Countertops
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Pool
- Property Manager on Site
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 600 |
| 2+1 | 63 | - | 824 - 827 |
| 2+2 | 51 | - | 827 |
| 3+2 | 1 | - | 1,000 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $18,304,940 | |
| Land Assessment | $1,127,260 | Total Assessment | $19,432,200 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,127,260
Improvements Assessment
$18,304,940
Total Assessment
$19,432,200
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