Davie Commons Apartments — Sale in 5661, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: 5661, IL 60613

Investment Figures

Cap rate
6.08%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale Davie Commons Apartments, a 36-unit apartment portfolio located in Davie, Florida. The properties can be delivered with or without an assumable Fannie Mae mortgage with a balance of approximately $3,530,000, a fixed interest rate of 3.575% and a maturity date of August 1st, 2030. Please contact listing agents for more details. SUBJECT PROPERTY Davie Commons Apartments is comprised of (3) twelve-unit apartment buildings located just east of Davie Road along Southwest 36th Court. The unit mix consists of (24) one-bedroom | one-bathroom apartments and (12) two-bedroom | one-bathroom apartments. Current ownership painted the properties and resurfaced all roofs in 2025. 5621 and 5661 Southwest 36th Court are adjacent two-story, twelve-unit apartment buildings constructed in 1973 of concrete block and stucco. These properties total 15,046 square feet of living area and a 27,864 square-foot lot (total), according to the Broward County Property Appraiser. Units feature ceramic tile or vinyl wood flooring, electric appliances, individual hot water heaters and central air conditioning. 5621 SW 36th Court includes a laundry room for residents and guests, as well as 21 parking spaces (1-handicapped). 5661 SW 36th Court includes a laundry room for residents and guests, as well as 20 parking spaces (1-handicapped). 5841 Southwest 36th Court is a two-story, twelve-unit apartment building constructed in 1972 of concrete block and stucco. The property is comprised of 7,523 square feet of living area and is situated on a 14,134 square-foot lot, according to the Broward County Property Appraiser. Units feature ceramic tile or vinyl wood flooring, electric appliances, individual hot water heaters and central air conditioning. The property includes a laundry room for residents and guests, as well as 21 parking spaces (1-handicapped). LOCATION Davie Commons Apartments properties are located west of t

Market Context

This multifamily in 5661, IL is listed for sale. It is offered at an approximate 6.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in 5661, IL — view the full market.

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