6124 Pembroke Road, Miramar, FL 33023

Listing Snapshot

About This Home

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.

General Features

Property Type

ResidentialIncome

Sub-type

Quadruplex

Stories

1

Parking Spaces

8

Zoning

ML

Utilities

CableAvailable

Subdivision

WELWYN MANOR

Interior Features

Flooring

Other,Tile,Vinyl

Heating

SeparateMeters,Zoned

Cooling

Zoned

Exterior Features

Construction

Block

Roof

BuiltUp

Pool

No

Waterfront

No

Community Features

MLS Area

3190

Schools

Map

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