6124 Pembroke Rd, Miramar, FL 33023
- $1,350,000
- 3,670
- SqFt
- List Price
- $1,350,000
- Price Change
- ▼ $50,000 1768945077
- MLS
- A11927967
- Complex Name
- Welwyn Manor
- Status
- ACTIVE
- Type
- Multifamily
- Living Area
- 3,670
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.
Additional Information
- Days on Market
- 216
- Style
- Quadruplex, Fourplex
- #Parking Spaces
- 8
- Year Built
- 1975
- Development Name
- Welwyn Manor
- #Stories
- 1
- Construction Type
- Concrete Block Construction, CBS Construction
- Section
- 24
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Listing Courtesy of Fausto Commercial Realty Consultants Inc, Contact: