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$ 1,350,000
Est. payment | /mo
3,670 SqFt
$ 1,350,000
Est. payment | /mo
3,670 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,670 sqft
Price per Sqft $367
MLS Listing ID A11927941
HOA Y/N No
Year Built 1975
Annual Tax Amount $25,560
Tax Year 2025
Lot Size 9,229 Sqft
Property Sub-Type Multi Family
Property Description
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.
Location
State FL
County Broward
Area 3100
Exterior
Private Pool Yes
Building
Sewer Public Sewer
Water Public
Others
Tax ID 514124160270
Acceptable Financing Cash, Conventional, Owner May Carry, Other
Listing Terms Cash, Conventional, Owner May Carry, Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11927941
Listed by Fausto Commercial Realty Consultants Inc
NEARBY SCHOOLS & POINTS OF INTEREST
MORTGAGE CALCULATOR
Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.
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