Multifamily
Lush Sunrise Portfolio
5801 NW 17th Pl, Sunrise, FL 33313
Listing Price: $46,500,000
Investment Overview
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.
Lush Sunrise Portfolio
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
- Very attractive unit mix of 75 percent two and three-bedroom units, All units have central air conditioning & heat.
- All roofs are less than eight years old, and the majority are less than 5 years old
- Turnkey community with updated kitchens & bathrooms
- More than half of the units have washer and dryers in the units
- All buildings have current 40/10-year recertifications
- All but two buildings have all Impact windows, the remaining buildings have partial impact windows
Exclusively Listed By
Listing Price: $46,500,000
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
- Very attractive unit mix of 75 percent two and three-bedroom units, All units have central air conditioning & heat.
- All roofs are less than eight years old, and the majority are less than 5 years old
- Turnkey community with updated kitchens & bathrooms
- More than half of the units have washer and dryers in the units
- All buildings have current 40/10-year recertifications
- All but two buildings have all Impact windows, the remaining buildings have partial impact windows
Investment Overview
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.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
