Welwyn Manor
$1,400,000
6124 Pembroke Rd, Miramar, FL 33023
3,670 sqft
Building Size
2
Units
Details:
Highlights:
- Lot Features: Less Than 1/4 Acre Lot
- Documents Available: Other Available Information, Rent Rolls
- Architectural Style: Detached
- Cooling: Zoned
- Heating: Zoned
- Flooring: Other, Tile, Vinyl
- Construction Materials: Concrete Block Construction, CBS Construction
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.
Location
Gallery
