6124 Pembroke Rd, Miramar, FL 33023

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.

Property Details

Flooring

Other, Tile, Vinyl

Heating

Zoned

Cooling

Zoned

Architectural Style

Detached

Building & Association

Building Name

WELWYN MANOR

Stories

1

Stories Total

1

Association

No

Lot & Construction

Lot Features

Less Than 1/4 Acre Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

Concrete Block Construction, CBS Construction

Roof

Built-Up

New Construction

No

Public Records

Parcel Number

514124160270

Tax Annual Amount

$25,560

Tax Year

2,025

Zoning

ML

County Or Parish

Broward County

Location