Lakeside Manor 5850-5890 NW 17th Plz 42 Unit Apartment Building $13,546,432 CAD ($322,534 CAD/Unit) 6.34% Cap Rate Sunrise, FL 33313

Marcus & Millichap, as exclusive listing agent, is excited to bring to market the Lakeside Manor Apartments, a two-story, four-building community with 42-units located in the city of Sunrise, Florida. The properties are all contiguous and are situated on 2.18 acres. Current ownership has managed the property for over 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, and the renovation of most apartments. The community was constructed in 1972 of concrete blocks with flat built-up roofs, and all are two-story buildings. There is an exceptional unit mix of one-, two- and three bedroom floor plans averaging over 1,000 rentable square feet.
The Lakeside Manor 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 Manor Apartments a premier opportunity to capture stable, income generating returns in one of South Florida’s most strategically located markets.