Share This Listing

Message

940 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

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.

Property Facts

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
  • Listing ID: 40244877

  • Date on Market: 2026-04-22

  • Last Updated:

  • Address: 5820 NW 17th Plz, Sunrise, FL 33313

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}