35-Unit Condominium
1700 NW 58th Terrace # 2B, Sunrise, FL 33313
For Sale
$6,475,000
The fully occupied condominium portfolio is offered as one bulk transaction in Sunrise.
Property Size35,700 SF
Price / SF$181.37
Days on Market68
Property Features for 1700 NW 58th Terrace # 2B
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
pool
landscaped grounds
Building Details
Building Size
Year Built
Listing Agency:
Top Miami Realty
Listed By:
Ruslana Dorotych · License #3521768
(786) 300-1504
Source:
Rgirealty
Added: Sep 1
Changed: Nov 6
Last Checked: Nov 6 at 3:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Top Miami Realty
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Investment Insights
Based on property information with market context.
This multifamily portfolio comprises 35 individually deeded two-bedroom, two-bathroom condominium units within a 64-unit community in Sunrise. The units have been renovated with granite countertops, stainless steel appliances, updated flooring and remodeled bathrooms. Combined area is 35,700 square feet, or 1,020 square feet per unit. The property was built in 1977, and its 40-year recertification is complete; a new roof has also been installed.
Residents have access to a community pool, landscaped grounds and parking. The portfolio is fully occupied and must be acquired as a single bulk sale.
Residents have access to a community pool, landscaped grounds and parking. The portfolio is fully occupied and must be acquired as a single bulk sale.
Key Highlights
- 35 individually deeded 2‑bedroom, 2‑bathroom condominium units sold together
- 35,700 SF total; 1,020 SF per unit
- 100% occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$549,042
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,980,840
$11.0M
Cap Rate 7%
$7,843,457
$7.8M
Cap Rate 9%
$6,100,467
$6.1M
Market Conditions
NOI Build-Up for 35,700 SF
Gross rent
$1.05M $29.28/SF
− Vacancy
−$47.0K −$1.32/SF
EGI
$998.3K $27.96/SF
− OpEx
−$449.2K −$12.58/SF
NOI
$549.0K $15.38/SF
Area
Broward County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,980,840
Cap Rate 7%
$7,843,457
Cap Rate 9%
$6,100,467
Alternative Uses
Best Use
Apartment 5plus
$7.84M
$6.86M – $9.15M
NOI $549,042 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$18.11M
$15.85M – $21.13M
NOI $1,267,848 @ 7.0% cap · market cap 19.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
35
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
Explore this area
Business Placement
Demographics for 33313, FL
63,284
Population
25,312
Households
2.5
Avg Household Size
36
Median Age
15%
College-Educated
85%
High-School Grad
6.3 sq mi
ZIP Area
10,045
Density / Sq Mi
$45,408
Median Household Income
$30,872
Median Earnings
$1,608
Median Rent
$236,300
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Broward County, FL
Properties on Market for Multifamily properties in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The fully occupied condominium portfolio is offered as one bulk transaction in Sunrise.
Where is this multifamily property located?
The property is located at 1700 NW 58th Terrace # 2B Sunrise, FL.
What is the asking price?
The asking price for this property is $6,475,000.
What are key features of this property?
This property features: 35 individually deeded 2‑bedroom, 2‑bathroom condominium units sold together; 35,700 SF total; 1,020 SF per unit; 100% occupied
