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.