Exceptional value-add multifamily opportunity at 6124 Pembroke Road, Miramar, FL 33023. This 8-unit property includes two 1BD/1BA apartments and six studio units, offering a versatile mix in a high-demand rental corridor. Seven of the eight tenants are on month-to-month leases, allowing immediate upside through rent adjustments or renovations. The property produces $140,520 in current annual gross income, translating to an impressive near-7% going-in cap rate from day one—without raising rents. Ideally located on highly trafficked Pembroke Road, just off 441, the asset is extremely easy to rent and centrally positioned close to major highways and essentials. Additional highlights include updated mini-split A/Cs, several renovated interiors, an on-site coin laundry room, and a large garage for storage with potential to convert into a 9th unit. Seller financing is available with very attractive terms.
- Sewer
- State:
- FL
- County:
- Broward
- City:
- Miramar
- Zipcode:
- 33023
- Street:
- 6124 Pembroke Rd 1-8, Miramar, Florida 33023
- Longitude:
- W81° 46' 3.8''
- Latitude:
- N25° 59' 14.3''
- Building Area:
- 3,670 Sqft
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Listing Terms:
- Cash,Conventional,Owner May Carry,Other
- Parcel Number:
- 514124160270
- Structure Type:
- Apartment
- Tax Annual Amount:
- $25,560
- Tax Year:
- 2025
- Virtual Tour:
- Click Here
Commercial Sale For Sale
6124 Pembroke Rd 1-8, Miramar, Florida 33023, Miramar, Florida 33023
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $1,400,000
- Year Built :
- 1975
- Lot Area :
- 9,229 Sqft
- MLS # :
- A11927941
- Property Sub Type :
- Multi Family
