7606 Pembroke Rd - Apartments FOR SALE


Miramar, FL 33023- Miramar Park
$2,300,000 USD
833-288-4180
7606 Pembroke Rd, Miramar, FL for Sale
$2,300,000 USD
Apartments - FOR SALE
1/48
null | 6.7% Cap Rate

7606 Pembroke Rd
Miramar, FL 33023
Miramar Park


HIGHLIGHTS

  • This fully renovated 10-unit multifamily property offers 100% occupancy, strong rental income potential, and a 7% cap rate.
  • Extensive upgrades include a new roof with a 20-year warranty, 40-year recertification, and full interior and exterior renovations.
  • Units feature modern kitchens with granite countertops, new appliances, updated bathrooms, and water-resistant laminate flooring.
  • The property includes hurricane-impact windows, a new fence, and enhanced landscaping for improved security and curb appeal.
  • Tenants enjoy free Wi-Fi, a mobile app-enabled laundry facility, secure package lockboxes, ample parking with 20 spaces, and modern security features.
  • Located in a high-demand area of Miramar, the property offers easy access to major highways, shopping, and schools ensuring long-term appeal.

OVERVIEW

This exceptional 10-unit multifamily property in the thriving city of Miramar, FL, presents a prime investment opportunity. Fully renovated and 100% occupied, this turnkey asset guarantees immediate rental income with no additional work or upgrades required. The property offers a mix of six 1-bedroom and four 2-bedroom units, each thoughtfully remodeled with modern finishes. The kitchens feature real plywood cabinets, granite countertops, soft-close hardware, and brand-new stainless steel appliances. The bathrooms have been updated with stylish vanities, new lighting, and contemporary plumbing fixtures. Additionally, the units are equipped with water-resistant laminate flooring and brand-new central air conditioning systems. The exterior of the property is equally impressive, with hurricane-impact windows, a newly installed roof (2021), and a fully updated fence for added privacy and security. New landscaping, modern lighting, and surveillance cameras have also been added, ensuring the safety and aesthetic appeal of the property. With 20 dedicated parking spaces—two per unit—there is ample parking for all tenants. The building is situated in a high-demand rental market, with easy access to major highways, schools, shopping centers, and popular entertainment destinations, such as the Hard Rock Casino and Aventura Mall. Miramar continues to experience strong growth, making it an increasingly attractive location for both residents and businesses. Tenants enjoy a range of desirable amenities, including free property-wide Wi-Fi, mobile app-enabled laundry facilities, and secure package lockers. The building's infrastructure is future-proofed with a new roof, which comes with a 20-year warranty (until 2046), and the property recently passed its 40-year recertification in December 2021, valid until 2031. With no deferred maintenance and multiple warranties in place, this property offers peace of mind for investors. The property’s strong rental income potential is reflected in its current income of $153,574 (excluding wind insurance), with a proforma income of $162,136. The area’s robust rental demand and consistent growth make this property an excellent investment for those seeking long-term cash flow and future appreciation. The property is offered at a 7% cap rate, with leases that include 7% annual rent increases, ensuring continued revenue growth. Whether you’re an experienced investor or new to the multifamily market, this fully remodeled 10-unit building in one of South Florida’s most desirable areas offers a rare opportunity to own a low-maintenance, high-performing asset. Contact Leo at 786.973.5383 today to schedule a tour and explore this incredible investment opportunity.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$319 USD /SF

# OF UNITS

10

PRICE/UNIT

$230,000

CAP RATE

6.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa Bianca - 10 unit turn key multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

RM2

APN/PARCEL ID

51-41-22-04-0040,51-41-22-04-0050

ASK ABOUT THIS PROPERTY

Leo BattistiniRealty HubMore Info
833-288-4180

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Leo BattistiniRealty HubMore Info
833-288-4180

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