SOLD – Nathan Holdings | Real Estate Investment https://www.nathanhold.com Experienced real estate investments Wed, 11 Jan 2023 10:06:58 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://www.nathanhold.com/wp-content/uploads/2021/05/cropped-favicon-32x32.png SOLD – Nathan Holdings | Real Estate Investment https://www.nathanhold.com 32 32 Margate Golden Palms Apartments https://www.nathanhold.com/portfolio/margate-golden-palms-apartments/ Wed, 01 Sep 2021 09:23:21 +0000 https://www.nathanhold.com/?post_type=us_portfolio&p=84987 The post Margate Golden Palms Apartments appeared first on Nathan Holdings | Real Estate Investment.

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SOLD

The Offering

Nathan Holdings is pleased to present the opportunity to invest in well-maintained property in the booming Florida market of Margate. 24 units, Golden Palms Apartments, was built in 1974 and offers desirable qualities such as large units, low-density site plans, and walk-up construction.  Current rents at the property is below new construction in the area, signaling room to raise rents with value-add upgrades by renovations.

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 a 4% increase compared to the previous year, a testament to the strength of the market.

*Update: Investment Closed

Investment Highlights

A Kitchen at Margate Value Add
  • Highly Desirable Asset Profile with Value-Add Upside
  • Great unit mix, walk-up construction are traits that have performed best through the pandemic, a trend which is expected to continue
  • Very strong rental market
  • Very little new development in the immediate area
  • Excellent Location with Proximity to Retail, Employment, Recreation
  • Florida Positioned as Long-Term Winner Post-COVID
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Units

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Year Built

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Year Renovated

Property Details

Margate Value add- drone view

Community Amenities

  • Lake Front Property
  • Barbecue and picnic area
  • On-site laundry facility

Unit Amenities

  • Newley Renovated Units
  • Air conditioning
  • Fully Equipped Kitchens
  • Ceramic Tiled Kitchens and Foyer*
  • Additional storage available

*In select units

Market

Margate Overview

Margate, a city with a population of around 60,000, is part of the Miami metropolitan area, located approximately 35 miles north of Miami. One of the nation’s most attractive real estate markets, the Miami metropolitan area is the most populous in Florida and second largest in the southeastern United States. Between 2017 and 2018, the Margate median property value increased from $157,400 to $172,900, a 9.85% increase.

Margate has a diverse economic base and is expanding at a rapid pace. From 2017 to 2018, employment in Margate, FL grew at a rate of 3.33%, from 29.1k employees to 30.1k employees. The city economy is balanced Office & Administrative, sales, and management occupations. The most common employment sectors for those who live in Margate, FL, are Retail Trade, Health Care & Social Assistance, and Accommodation & Food Services.

The region boasts a lower-than-average commute time, low cost of living, lack of state income taxes, skilled and stable blue-collar workforce, year-round sunshine– making Margate a tremendous real estate investment market.

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]]> Margate Tropical View Apartments https://www.nathanhold.com/portfolio/margate-tropical-view-apartments/ Sun, 23 May 2021 10:28:49 +0000 https://www.nathanhold.com/?post_type=us_portfolio&p=84249 The post Margate Tropical View Apartments appeared first on Nathan Holdings | Real Estate Investment.

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SOLD

The Offering

Margate Tropical View Apartments - drone view

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.

Investment Highlights

pool at Margate Tropical View Apartments
  • Extensively Renovated and Repositioned in 2019
  • Highly Desirable Location with Value-Add Upside
  • Property is operating with strong historical occupancy
  • Very strong rental market
  • Very little new development in the immediate area
  • Excellent Location with Proximity to Retail, Employment, Recreation
Icon for number of units

Units

icon used to state Sqr fit of the property

Sqr Ft

Year Built

icon in use of "Year renovated"

Year Renovated

Property Details

Community Amenities

  • Swimming Pool
  • Barbecue and picnic area
  • On-site laundry facility
  • Parking

Unit Amenities

  • Newley Renovated Units
  • Air conditioning
  • Dishwasher*
  • Walk-in closet(s)*
  • Fully Equipped Kitchens
  • Ceramic Tiled Kitchens and Foyer*
  • Additional storage available

*In select units

Market

Margate Overview

Margate, a city with a population of around 60,000, is part of the Miami metropolitan area, located approximately 35 miles north of Miami. One of the nation’s most attractive real estate markets, the Miami metropolitan area is the most populous in Florida and second largest in the southeastern United States. Between 2017 and 2018, the Margate median property value increased from $157,400 to $172,900, a 9.85% increase.

Margate has a diverse economic base and is expanding at a rapid pace. From 2017 to 2018, employment in Margate, FL grew at a rate of 3.33%, from 29.1k employees to 30.1k employees. The city economy is balanced Office & Administrative, sales, and management occupations. The most common employment sectors for those who live in Margate, FL, are Retail Trade, Health Care & Social Assistance, and Accommodation & Food Services.

The region boasts a lower-than-average commute time, low cost of living, lack of state income taxes, skilled and stable blue-collar workforce, year-round sunshine– making Margate a tremendous real estate investment market.

Photo Gallery

Tell Your Friends

The post Margate Tropical View Apartments appeared first on Nathan Holdings | Real Estate Investment.

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