Get notified35-unit bulk condo portfolio in Sunrise, FL offering immediate in-place cash flow. All 35 units are individually deeded 2 Bed / 2 Bath residences of approximately 1,020 SF each and are being sold together as a portfolio. Asking Price: $5,900,770 Occupancy: 100% Average Rent: $2,250/month per unit Estimated Cap Rate: 8% All offered units are fully renovated with modern finishes. The property has completed its 40-year building recertification, features a recently installed roof, and the HOA maintains approximately $150,000 in reserves. Community amenities include a swimming pool, tennis/pickleball courts, landscaped grounds and parking. The portfolio represents 35 of the community's 64 units, or approximately 54.7%, with the remaining 29 units offering potential for additional ownership concentration over time. Bulk sale only. Rent roll, financials and condo documents available upon request. POF required.
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35-Unit Renovated Condo Portfolio | 100% Occupied | 8% Cap | Sunrise, FL
Sunrise, FL
35-unit bulk condo portfolio in Sunrise, FL offering immediate in-place cash flow. All 35 units are individually deeded 2 Bed / 2 Bath residences of approximately 1,020 SF each and are being sold together as a portfolio. Asking Price: $5,900,770 Occupancy: 100% Average Rent: $2,250/month per unit Estimated Cap Rate: 8% All offered units are fully renovated with modern finishes. The property has completed its 40-year building recertification, features a recently installed roof, and the HOA maintains approximately $150,000 in reserves. Community amenities include a swimming pool, tennis/pickleball courts, landscaped grounds and parking. The portfolio represents 35 of the community's 64 units, or approximately 54.7%, with the remaining 29 units offering potential for additional ownership concentration over time. Bulk sale only. Rent roll, financials and condo documents available upon request. POF required.