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.
Multi-familyProperty Type
1975Year Built
$368Price/Sq.Ft.
8 spacesParking
Listed by Elior Levi• Fausto Commercial Realty Consultants Inc
Miramar Isles, located between Miramar Parkway and Pembroke Road, is a canal-lined and suburban Miramar neighborhood with a mid-century street grid and wide waterfront lots. The neighborhood’s character concentrates around the Miramar Parkway corridor near SW 68th Ave, where small plazas, local eateries, and everyday services set a steady, lived-in rhythm. Housing leans toward single-story ranch homes and updated Florida contemporaries, many oriented to seawalls and backyard docks. Streets feel quiet and residential, with water views appearing at the ends of blocks. Nearby green space and recreation cluster around Miramar Regional Park, adding courts, fields, and walking loops to the routine.
Provided by Walk Score and Local Logic
Offer insights
6124 Pembroke Rd · $1,350,000
$1.32M and above
75% chance or better to win
Why $1.32M+ is a strong offer
DAYS ON MARKET
283 days
The average home goes pending in 92 days.
SALE-TO-LIST
94.3%
Most homes are selling 6% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Tile flooring
Vinyl flooring
Bedrooms
Six efficiency units
Two one-bedroom units
Bathrooms
Each unit has one full bathroom
Flooring
Tile
Vinyl
Heating & cooling
Zoned heating
Zoned cooling
Exterior features
Less than quarter acre lot
Gardener service included with rent
Home design
Single-story building
ML zoning
Parking
Total of 8 parking spaces
Other parking for units
Construction
Block construction
Built-Up roof
Utilities
Cable available
Public sewer
Water included with rent
Hot water included with rent
Pest control included with rent
Sewer included with rent
Financial info
Some units are rented month-to-month
Actual rents reported: $1,400 for efficiency units, $1,500 for one-bedroom units
Electricity and solar
View estimated energy costs and solar savings for this home