LS
LA SALLE PARK · CONDOS
BULK CONDO SALE · 35 OF 64 UNITS
La Salle Park Condos
1700 NW 58th Terrace · Sunrise, FL 33313
$6,475,000
Portfolio price · $185,000 / unit
All units 2 bed · 2 bath
Top Miami Realty
Listing Advisor · Multifamily Investment Sales
📞 786-300-1504
✉ ruslana@topmiamirealty.com
📍 3909 NE 163rd St, Suite 201 & 203, North Miami Beach, FL 33160
✉ ruslana@topmiamirealty.com
📍 3909 NE 163rd St, Suite 201 & 203, North Miami Beach, FL 33160
Investment highlights
Strong, in-place rental income
~$2,250/mo ($27,000/yr) per unit with an attractive rent-to-price ratio.
Upside via HOA reduction
Cap rate rises to ~7.7% if HOA drops from $700 to $600 — ~$1,200 more annual cash flow per unit.
Acquire below replacement cost
The current purchase price is significantly below today's construction and replacement cost, creating an immediate value advantage.
High-demand rental market
Sunrise, FL — consistent tenant demand and low vacancy reduce risk.
Apartment building premium
Bulk ownership of an entire building or controlling interest typically commands a significantly higher valuation than selling individual condominium units.
Long-term acquisition strategy
The objective is to continue acquiring additional units over time, increasing ownership and control of the condominium.
Unit economics
Annual expenses
If HOA is reduced to $600/mo, annual expenses fall ~$1,200/unit and cap rate improves to ~7.7%.
Location
Documents
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Gallery
Property video
Top Miami Realty
Get the offering memorandum, rent roll, and financial detail. Serious inquiries from qualified investors and brokers welcome.
Disclosure: All information is provided by the seller and sources deemed reliable but is not guaranteed and is subject to change, prior sale, or withdrawal without notice. Top Miami Realty and its agents make no representation or warranty as to the accuracy of any figures, projections, or square footage. Prospective buyers should independently verify all information and consult their own legal, tax, and financial advisors. This is not an offer to sell or a solicitation where prohibited. Equal Housing Opportunity.
📍 Top Miami Realty · 3909 NE 163rd Street, Suite 201 & 203, North Miami Beach, FL 33160
📞 786-300-1504
✉ ruslana@topmiamirealty.com
📞 786-300-1504
✉ ruslana@topmiamirealty.com
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