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.

Address

Open on Google Maps

Address: Pembroke Rd
City: Miramar
State/county: Broward County
Zip/Postal Code: 33023
Area: WELWYN MANOR

Details

Updated on January 20, 2026 at 6:12 pm

Property ID A11927967
Price $1,350,000
Property Size 3670 Square Feet
Year Built 1975
Type Quadruplex
Property Status Residential Income

Additional details

ArchitecturalStyle Detached
BuildingAreaTotal 3670
BuildingAreaUnits Square Feet
BuildingName WELWYN MANOR
ConstructionMaterials Concrete Block Construction, CBS Construction
ContractStatusChangeDate 2025-12-25
Cooling Zoned
DaysOnMarket 26
DocumentsAvailable Other Available Information, Rent Rolls
ExpirationDate 2026-06-09
Flooring Other, Tile, Vinyl
Heating Zoned
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 954-743-7594
ListingTerms All Cash, Conventional, Owner Will Carry
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Welwyn Manor
MajorChangeTimestamp January 20, 2026 at 03:28pm
MajorChangeType Price Decrease
MlsStatus Active
ModificationTimestamp January 20, 2026 at 03:28pm
NumberOfUnitsInCommunity 2
NumberOfUnitsTotal 8
OnMarketDate 2025-12-25
OriginalEntryTimestamp December 25, 2025 at 05:22pm
OriginalListPrice 1400000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 514124160270
ParkingTotal 8
PhotosChangeTimestamp December 25, 2025 at 05:26pm
PhotosCount 20
Possession Funding
PostalCodePlus4 2214
PreviousListPrice 1400000
PriceChangeTimestamp January 20, 2026 at 03:28pm
PublicSurveyRange 51
PublicSurveySection 24
PublicSurveyTownship 51
RentIncludes Hot Water, Gardener, Other Rent Incl, Pest Control, Sewer, Water
Roof Built-Up
Sewer Public Sewer
ShowingContactType Agent
ShowingInstructions Call Listing Agent
SourceSystemKey 424128092
StateOrProvince FL
StatusChangeTimestamp December 25, 2025 at 05:22pm
Stories 1
StoriesTotal 1
StreetName Pembroke Rd
StreetNumber 6124
StreetNumberNumeric 6124
StructureType Quadruplex, Fourplex
SyndicationRemarks 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.
TaxAnnualAmount 25560
TaxLegalDescription WELWYN MANOR 31-2 B LOT 24 E1/2 & LOTS 25 & 26, ALL LESS PT DESC'D AS, COMM AT SE COR OF LOT 26, N 91.39 TO POB, CONT N 18.62, WLY 100.03 TO NW
TaxYear 2025
YearBuiltDetails Resale
Zoning ML