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5850-5890 NW 17th Plz
Sunrise, FL 33313 Sunrise

$9,890,000 USD

Apartments For Sale  •  44,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 44,390 SF
  • Lot Size 2.18 AC
  • Building Class C
  • Year Built 1972
  • Cap Rate 6.34 %
  • Zoning RM-25
30 Transit Score
50 Walk Score

Highlights

Excellent opportunity to purchase a very stable community in central Broward County
Substantial capital improvements made to the community by the current ownership
All units have central air conditioning & heat, Select units have washer and dryers
Excellent unit mix of one, two and three bedroom apartments, Updated kitchens & bathrooms
Opportunity to convert 19 two-bedroom and two-bathroom units into three-bedroom and two-bathroom units
Turnkey community, 40/10-year recertification was completed in 2023, Roof replaced in 2019

Property Flyers

Financial Summary (Actual)

Net Operating Income: $627,462 USD (2026)
Cap Rate: 6.34 %
Total Expenses: $418,165 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Property Manager on Site
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Walking/Biking Trails
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Public Transportation

Public Transportation

Commuter RailDriveWalkDistance
Fort Lauderdale (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 15 min - 5.7 mi
15 min - 6.8 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 22 min - 10.8 mi
Miami International 51 min - 33.3 mi
Felipe Echarte 954-529-3017 Marcus & Millichap
Felipe Echarte 954-529-3017 Marcus & Millichap