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Highlights

• Exceptional opportunity to acquire a highly stable apartment community in the heart of Broward County • Current ownership has completed significant capital improvements throughout the property • All apartments are equipped with central air conditioning and heating • Attractive mix of one-, two-, and three-bedroom units • Value-add opportunity to reconfigure 19 existing two-bedroom/two-bath units into three-bedroom/two-bath layouts • Washer and dryer included in select residences • Fully turnkey investment opportunity • 40/10-year recertification successfully completed in 2023 • Renovated kitchens and bathrooms throughout select units • Roof replacement completed in 2019

Listing Details

  • Cap Rate

    6.34%

  • Space Type

    multifamily

  • Sub Category

    apartments-building

  • Date Listed

    5/15/2026

  • Net Operating Income

    $627,462

Property Specifics

  • Property Name

    5850-5890 Northwest 17th Place | Lakeside Manor

  • No of Buildings

    4

  • No of Units

    42

  • Year Built

    1972

  • Building Size

    44,390 SF

  • Lot Size

    2.18 Ac

  • Occupancy

    100%

Property Amenities

Unit Amenities

Central Heating
High Ceilings
Kitchen
Washer/Dryer or Laundry Services