Log In/Sign Up
Your email has been sent.
5820 NW 17th Plz
Sunrise, FL 33313
Lakeside Apartments · Multifamily Property For Sale
·
36 Units


Investment Highlights
- Excellent opportunity to purchase a very stable community in the center of Broward County
- All three-bedroom two-bath units, Updated kitchens & bathrooms
- All units have central air conditioning & heat, and washer/dryers
- Substantial capital improvements made to the community by the current ownership
- Turnkey community, the roof is concrete and was replaced in 2022
- 40/10-year recertification was completed in 2025
Executive Summary
Marcus & Millichap, as exclusive listing agent, is excited to bring to market the Lakeside Apartments, a three-story building with 36-units located in the city of Sunrise, Florida. The property is situated on a 1.52 acre site. Current ownership has managed the property for almost ten years and has meticulously maintained the buildings while executing on an interior and exterior renovation plan including, but not limited to new roofs, impact windows, plumbing and electrical replacement, parking lots, exterior lighting, landscaping, security upgrades, elevator and the renovation of most of the apartments. The community was constructed in 1972 of concrete blocks with flat concrete roofs, in a three-story building. The building is made up of all three-bedroom and two-bathroom floorplans averaging over 1,340 rentable square feet.
The Lakeside Apartments are strategically positioned in the center of Sunrise, Florida, one of Broward County’s most connected and amenity rich municipalities. This infill location benefits from exceptional transportation accessibility, a deep surrounding employment and retail base, strong healthcare and educational infrastructure, and long term supply constraints that support durable multifamily performance. The property’s placement within the tri county core of Miami Dade, Broward, and Palm Beach provides investors with both regional resilience and sustained renter demand. Sunrise’s established residential fabric, paired with ongoing commercial investment and reinvestment, makes the Lakeside Apartments a premier opportunity to capture stable, income generating returns in one of South Florida’s most strategically located markets.
The Lakeside Apartments are strategically positioned in the center of Sunrise, Florida, one of Broward County’s most connected and amenity rich municipalities. This infill location benefits from exceptional transportation accessibility, a deep surrounding employment and retail base, strong healthcare and educational infrastructure, and long term supply constraints that support durable multifamily performance. The property’s placement within the tri county core of Miami Dade, Broward, and Palm Beach provides investors with both regional resilience and sustained renter demand. Sunrise’s established residential fabric, paired with ongoing commercial investment and reinvestment, makes the Lakeside Apartments a premier opportunity to capture stable, income generating returns in one of South Florida’s most strategically located markets.
Property Facts
| Price Per Unit | $381,547 CAD | Apartment Style | Garden |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.90% | Lot Size | 1.52 AC |
| Gross Rent Multiplier | 8.6 | Building Size | 48,278 SF |
| No. Units | 36 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1975/2021 |
| Zoning | RM-25 | ||
| Price Per Unit | $381,547 CAD |
| Sale Type | Investment |
| Cap Rate | 6.90% |
| Gross Rent Multiplier | 8.6 |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.52 AC |
| Building Size | 48,278 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1975/2021 |
| Zoning | RM-25 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
Site Amenities
- Playground
- Security System
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 36 | $3,662 CAD | 1,340 |
1 of 29
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
