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5971 NW 17th Pl
Sunrise, FL 33313
Lush Sunrise Portfolio - 13 Buildings · Multifamily Property For Sale
·
207 Units
Investment Highlights
- Excellent opportunity to purchase a very stable community in the center of Broward County
- Very attractive unit mix of 75 percent two and three-bedroom units
- More than half of the units have washer and dryers in the units
- Substantial capital improvements made to the community by the current ownership, All buildings have current 40/10-year recertifications
- All roofs are less than eight years old, and the majority are less than 5 years old, All but two buildings have all Impact windows
- Turnkey community
Executive Summary
Marcus & Millichap, as exclusive listing agent, is excited to bring to market the Lush Sunrise Portfolio, a six property, thirteen building, 207-unit apartment portfolio located in the city of Sunrise, Florida. The properties are all contiguous and control almost two entire city blocks. Current ownership has managed the portfolio for the past 13 years and has meticulously maintained them 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, aluminum railings, and the complete upgrading of most apartments. All thirteen buildings were constructed between 1966 and 1975 of concrete blocks with pitched or flat built-up roofs, and all are two-story, except for one three-story building. There is an exceptional unit mix of seventy-five percent two- and three-bedroom floor plans averaging over 1,000 rentable square feet.
The Lush Sunrise Portfolio is 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 portfolio’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 Lush Sunrise Portfolio a premier opportunity to capture stable, income generating returns in one of South Florida’s most strategically located markets.
new roofs, impact windows, plumbing and electrical replacement, parking lots, exterior lighting, landscaping, security upgrades, aluminum railings, and the complete upgrading of most apartments. All thirteen buildings were constructed between 1966 and 1975 of concrete blocks with pitched or flat built-up roofs, and all are two-story, except for one three-story building. There is an exceptional unit mix of seventy-five percent two- and three-bedroom floor plans averaging over 1,000 rentable square feet.
The Lush Sunrise Portfolio is 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 portfolio’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 Lush Sunrise Portfolio a premier opportunity to capture stable, income generating returns in one of South Florida’s most strategically located markets.
Property Facts
| Price Per Unit | $310,528 CAD | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.51% | Lot Size | 7.93 AC |
| Gross Rent Multiplier | 9.18 | Building Size | 200,112 SF |
| No. Units | 207 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1966/2022 |
| Price Per Unit | $310,528 CAD |
| Sale Type | Investment |
| Cap Rate | 6.51% |
| Gross Rent Multiplier | 9.18 |
| No. Units | 207 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.93 AC |
| Building Size | 200,112 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1966/2022 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Wi-Fi
Site Amenities
- 24 Hour Access
- Courtyard
- Playground
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 44 | $2,264 CAD | 664 |
| 1+1.5 | 8 | $2,506 CAD | 708 |
| 2+1 | 54 | $2,419 CAD | 788 |
| 2+2 | 44 | $2,934 CAD | 1,073 |
| 3+2 | 57 | $3,629 CAD | 1,324 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $12,570,702 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$12,570,702 CAD
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