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.
- Swimming Pool
- Heating System
- Cooling System
- Parking
- Architectural Style
- Roof:
- Built-up
- Sewer
- State:
- FL
- County:
- Broward
- City:
- Miramar
- Zipcode:
- 33023
- Street:
- 6124 Pembroke Rd, Miramar, Florida 33023
- Longitude:
- W81° 47' 25''
- Latitude:
- N25° 59' 42.6''
- Building Area:
- 3,670 Sqft
- Construction Materials:
- Block
- Cumulative DOM:
- 26
- DOM:
- 48
- Flooring:
- Tile, Vinyl, Other
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Listing Terms:
- Cash,Conventional,Owner May Carry,Other
- Lot Features
- Parcel Number:
- 514124160270
- Subdivision Name:
- WELWYN MANOR
- Tax Annual Amount:
- $25,560
- Tax Year:
- 2025
- Utilities
- Virtual Tour:
- Click Here
Residential Income For Sale
6124 Pembroke Rd, Miramar, Florida 33023, Miramar, Florida 33023
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,350,000
- Square Footage :
- 3,670 Sqft
- Year Built :
- 1975
- MLS # :
- A11927967
- Property Sub Type :
- Quadruplex
