Apartments

Lakeside Apartments

5820 NW 17th Place

Sunrise

, FL

 

9950000

36

# of Units

6.90%

Cap Rate

$206.10

Price Per Sq. Ft.

$276,389

Price per Unit

Lakeside Apartments

Investment Overview

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. There 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.

Investment HIGHLIGHTS

  • Excellent opportunity to purchase a very stable community in the center of Broward County
  • Substantial capital improvements made to the community by the current ownership
  • All three-bedroom two-bath units
  • The roof is concrete and was replaced in 2022
  • All units have central air conditioning & heat
  • All have washer and dryers in the units
  • Turnkey community
  • 40/10-year recertification was completed in 2025
  • Updated kitchens & bathrooms

Listed By

Lead Agent

Felipe J. Echarte

Senior Managing Director Investments

felipe.echarte@marcusmillichap.com
Phone: (954) 245-3444
License: FL: SL696115

Evan P. Kristol

Executive Managing Director Investments

evan.kristol@marcusmillichap.com
Phone: (954) 245-3459
License: FL: SL640466

Austin Michels

Associate Director Investments

austin.michels@marcusmillichap.com
Phone: (954) 245-3439
License: FL: SL3510497

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Contact Us

The Kristol Group

5900 North Andrews Avenue
Suite 100
Fort Lauderdale, FL 33309
954-245-3400
info@kristolgroup.com