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31392923
31392922

4 Locations

EK
FL FL SL640466
Marcus & Millichap - Fort Lauderdale
AM
FL FL SL3510497
Marcus & Millichap - Fort Lauderdale
FE
FL SL696115
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale
$46,500,000
88 days on market
Updated 88 days ago

Lush Sunrise Portfolio

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 200,112
Net Rentable (SqFt) 200,112
Units 207
Cap Rate 6.51%
NOI $3,026,783
Occupancy 97%
Pro-Forma Cap Rate 6.65%
Pro-Forma NOI $3,093,286
Price per SqFt $232
Year Built 1966, 1975
Year Renovated 2022
Buildings 13
Stories 3
Acreage 7.930

Multifamily | 207 Units | 13 Building Portfolio I $224,638/unit

Marketing description

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.

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 roofs are less than eight years old, and the majority are less than 5 years old

• All units have central air conditioning & heat

• More than half of the units have washer and dryers in the units

• Turnkey community

• All but two buildings have all Impact windows, the remaining buildings have partial impact windows

• All buildings have current 40/10-year recertifications

• Updated kitchens & bathrooms

Listing Contacts

EK
FL FL SL640466
Marcus & Millichap - Fort Lauderdale
AM
FL FL SL3510497
Marcus & Millichap - Fort Lauderdale
FE
FL SL696115
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$3,026,783.00
$252,231.92/mo

Valuation Metrics

0
DSCR
6.51%
Cap Rate
6.51%
ROI

Map

Zoning

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RM-25 ResidentialMulti FamilyResidential Multifamily
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View all 31 uses
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Last updated Jun 2, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Evan Kristol
License
FL SL640466
Name
Austin Michels
License
FL SL3510497
Brokerage
Marcus & Millichap
Brokerage Phone
9542453439
Title
Associate Director Investments
Brokerage Address
5900 North Andrews Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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