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36-Unit Apartment Portfolio

5621 SW 37TH ST, Davie, FL 33023

For Sale
Contact for pricing

Three two-story buildings offer a mix of one- and two-bedroom apartments with central air conditioning.

Property SizeContact for details
Days on Market13

Property Features for 5621 SW 37TH ST

General Information

Standard status Active
Property subtype Multifamily

Site & Location

Neighborhood Playland Village
Highway Access Yes
Road Access Yes

Units

Unit Mix 24 x 1BR/1BA, 12 x 2BR/1BA
Multifamily Units 36

Additional Details

Asking Price $6,750,000

Amenities

laundry room

Building Details

Buildings 3
Stories 2
Construction concrete block and stucco
Listing Agency: Marcus & Millichap - Fort Lauderdale
Listed By: Joseph Thomas · License #FL SL3174354
Source: Crexi
Added: Oct 28 Changed: Nov 8 Last Checked: Nov 8 at 4:23PM

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 Marcus & Millichap - Fort Lauderdale

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Investment Insights

Based on property information with market context.

This Davie apartment portfolio comprises three two-story buildings with 36 units: 24 one-bedroom, one-bathroom apartments and 12 two-bedroom, one-bathroom apartments. The two buildings at 5621 and 5661 Southwest 36th Court were built in 1973 and together contain 15,046 square feet of living area on a 27,864-square-foot lot. The building at 5841 Southwest 36th Court was built in 1972 and has 7,523 square feet of living area on a 14,134-square-foot lot. Construction is concrete block and stucco. Apartments have ceramic tile or vinyl wood flooring, electric appliances, individual hot water heaters and central air conditioning. Ownership painted the buildings and resurfaced the roofs in 2025.

The properties are west of the Florida Turnpike, south of Interstate 595 and near Davie Road. The surrounding area includes residential properties and commercial uses. Davie Business Center is 0.25 miles away, and Broward College’s Davie Campus is 0.7 miles away. Each building has a resident laundry room; parking totals 21 spaces at 5621, 20 at 5661 and 21 at 5841 Southwest 36th Court.

Key Highlights

  • 36 apartments: 24 one‑bedroom, one‑bathroom units and 12 two‑bedroom, one‑bathroom units
  • Three two‑story concrete‑block and stucco buildings, constructed in 1972 and 1973
  • 5621 and 5661 Southwest 36th Court: 15,046 square feet of living area on a 27,864‑square‑foot lot

Property Analytics

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Lease Details

36
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

873
Businesses Nearby

Demographics for 33023, FL

66,749
Population
22,450
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
7,585
Density / Sq Mi
$70,003
Median Household Income
$35,093
Median Earnings
$1,621
Median Rent
$344,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Broward County, FL

$449 Jul
$422 Aug
$431 Sep
$426 Oct

Properties on Market for Apartment buildings in Broward County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Three two-story buildings offer a mix of one- and two-bedroom apartments with central air conditioning.
Where is this apartment building located?
The property is located at 5621 SW 37TH ST Davie, FL.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: 36 apartments: 24 one‑bedroom, one‑bathroom units and 12 two‑bedroom, one‑bathroom units; Three two‑story concrete‑block and stucco buildings, constructed in 1972 and 1973; 5621 and 5661 Southwest 36th Court: 15,046 square feet of living area on a 27,864‑square‑foot lot
(954) 245-3492 · Office Call to check price and availability
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