1700 NW 58th Ter Immeuble residentiel 35 lots 5 575 364 € (159 296 €/Lot) Taux de capitalisation 7,03 % Sunrise, FL 33313

Exclusive Bulk Investment Opportunity – La Salle Park Condominiums
Top Miami Realty is proud to present a rare opportunity to acquire 35 fully renovated condominium units in La Salle Park Condominiums, a well-maintained 64-unit community in the heart of Sunrise, Florida.
This exceptional portfolio represents 54.7% ownership of the building and consists entirely of 2-bedroom, 2-bathroom units, offering immediate cash flow with an attractive 7.0% going-in cap rate. The offering also provides a unique opportunity to privately acquire the remaining units over time, creating the potential for majority or full ownership.
The portfolio is 100% occupied and features extensive interior renovations, including granite countertops, stainless steel appliances, updated flooring, and modernized bathrooms, significantly reducing near-term capital expenditure requirements.
The community has successfully completed its 40-year recertification, and a new roof has recently been installed, providing investors with added confidence in the property's long-term condition. Residents also enjoy an on-site swimming pool, contributing to strong tenant demand and stable occupancy.
This is a true turnkey investment opportunity in one of South Florida's strongest rental markets, combining stable income, value-add potential, and long-term appreciation.
Investment highlights
64-unit condominium community; 35 units (54.7%) offered as a bulk portfolio sale
All offered units are 2 Bed / 2 Bath and fully renovated
100% occupied at time of offering — immediate, in-place income
Average in-place rent of $2,250/unit/month ($27,000/unit annually)
40-year building recertification complete; new roof recently installed
HOA reserve fund of approximately $150,000 supporting financial stability
On-site pool; landscaped grounds with ample parking
Remaining 29 units can be acquired individually over time for full building control
Low Acquisition Cost — priced well below replacement cost, a savvy basis relative to new construction
Immediate Income — 100% occupancy across all 35 units generates cash flow from day one
Reduced Liability — completed 40-year recertification eliminates major deferred-maintenance risk
Renovated Product — nearly all units updated, minimizing near-term capital expenditure
Scalable Control — bulk structure provides a path to acquiring the remaining 29 units over time