6124 Pembroke Rd - Apartments FOR SALE


Miramar, FL 33023- Welwyn Manor
$1,400,000 USD
954-743-7594
6124 Pembroke Rd, Miramar, FL for Sale
$1,400,000 USD
Apartments - FOR SALE
1/14
null | 6.74% Cap Rate

6124 Pembroke Rd
Miramar, FL 33023
Welwyn Manor


HIGHLIGHTS

  • 8-Unit Multifamily Property – Consists of 2 one-bedroom/one-bath apartments and 6 studio units
  • Prime High-Traffic Location – Situated on Pembroke Road just off US-441 in a high-demand rental corridor
  • Significant Value-Add Upside – 7 of 8 tenants on month-to-month leases allowing immediate rent growth or renovations
  • Operational & Capital Improvements – Updated mini-split A/Cs, several renovated units, on-site coin laundry, and storage garage
  • Seller Financing Available – Attractive terms provide flexible acquisition options and enhanced returns

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$381 USD /SF

# OF UNITS

10

PRICE/UNIT

$140,000

CAP RATE

6.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pembroke Rd Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,479 SF

ZONING

B-2

APN/PARCEL ID

51-41-24-16-0270

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.