Investment Overview

Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale Sunshine Garden Apartments, a 34-unit multifamily building and neighboring single-family home located in Pembroke Pines, Florida SUBJECT PROPERTY Sunshine Garden Apartments is comprised of a two-story, 34-unit apartment building constructed in 1974 and neighboring 3-bedroom single-family home constructed in 1961, each built with concrete block and painted stucco. The properties total 27,428 square feet situated on a 1.01-acre lot, according to the Broward County property appraiser. Sunshine Garden Apartments offers an attractive unit mix including eight (8) one-bedroom apartments with an average in-place rent of $1,325, twenty-six (26) two bedroom | one-bathroom apartments with an average in-place rent of $1,577 and a three-bedroom | one bathroom house with an in-place rent of $2,600. Units feature electric appliances, tile and carpeted flooring and central air conditioning. Common area amenities include on-site laundry facilities, a swimming pool and 62 parking spaces (24 of which are covered). LOCATION Sunshine Garden Apartments is centrally located along Pembroke Road on the west side of Florida’s Turnpike and east of University Drive within the city of Pembroke Pines. The location provides easy access to a number of major thoroughfares including Florida’s Turnpike and Interstate 595. Nearby retailers include Bravo Supermarket (0.3 miles), Publix Supermarket at Miramar Parkway (1.3 miles), Walgreens Pharmacy (1.4 miles), Home Depot (1.5 miles), Aldi (1.7 miles), North Perry Airport (1.9 miles), and Walmart Supercenter (2.0 miles). Other nearby points of interest just a short drive from the property include Sam’s Club (2.4 miles), Hard Rock Stadium (4.4 miles), Seminole Hardrock Hotel & Casino (4.9 Miles), Pembroke Lakes Mall (5.9 miles), Brian Piccolo Sports Park & Velodrome (6.3 miles) and C.B. Smith Park (6.8 miles). C.B. Smith Park is a 299-acre facility which includes four 50-foot waterslides, lazy river, campground popular among the RV community, a family golfing center and tennis complex. Area education centers include Pembroke Pines Elementary (0.8 miles), Miramar Elementary (0.8 miles), Apollo Middle School (2.2 miles) and McArthur High School (1.5 miles). Broward College South Campus is also proximate to the property (1.5 miles) and is one of three Broward College Campus locations. Broward College now serves to more than 68,000 students annually and employs a staff of over 2,000. Broward Collage is “one of the nation’s largest institutions of its type, with a reputation for the pursuit of excellence and service to the diverse communities it serves” according to its website. SUMMARY Sunshine Garden is offered for sale at $6,825,000 or $195,000 per unit.