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… Read More 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. Read Less
Courtesy of Fausto Commercial Realty Consultants Inc, Elior Levi, 786-748-7373.
Listing Snapshot
Days Online
170
Last Updated
Property Type
Multi Family
Square Ft.
3,670
Lot Size
0.21 Acres
Year Built
1975
MLS Number
A11927941
30 Days Snapshot Of 33023
$221k
+55%
(avg) sold price
3
+200%
homes sold
71
-21%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1975, Toal building area: 3670, 2 total units
Lot
0.21 acres
Property
Zoning: ML
Sewer
"Public Sewer"
Taxes
Annual amount: $25,560
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