168,750 SF Apartment For Sale — $1,350,000 — 6124 Pembroke Rd, Miramar – #83957

Executive Summary
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.

Allowed by right

Community Gardens [specific use standards, Sec. 405.3.3], Indoor greenhouse nursery [specific use standards, Sec. 405.3.2.1], Urban Garden [specific use standards, Sec. 405.3.2.2], Urban Farm [specific use standards, Sec. 405.3.2.1], Grooming [specific use standards, Sec. 405.29], Pet daycare/hotel, Pet store [specific use standards, Sec. 405.29], Veterinary Clinic/Hospital (domesticated animals; with boarding), Veterinary Clinic/Hospital (domesticated animals; without boarding) [specific use standards, Sec. 405.29], Community centers, Libraries [specific use standards, Sec. 405.12], Government, administration and services facilities, Public Parks and Recreational Facilities, Police and fire protection facilities, Transit Station, Bars and Lodges, Art Gallery, Bowling alley, Game room arcade [specific use standards, Sec. 405.17], Indoor commercial recreation, Live Theater, Movie Theater, Museum, Outdoor commercial recreation, Adult Daycare Center, Barber/Beauty salon, Banks and Financial institutions (w/o drive through), Banquet Hall, Body Art, Catering Services, Childcare/Daycare Center [specific use standards, Sec. 405.7], Consumer electronics and appliances repair, Day Spa, Dry cleaning, Exterminating Services/Pest Control, Health and Fitness Studio, Laundromat, Self-service, Photography Studio, Print shop, Tailoring and alterations, and shoe repairs, Travel agency, Tutoring/After school learning center, Medical and Dental offices and laboratories [specific use standards, Sec. 405.15], Production Studio, Professional Office, Software development, Structured, Sanctuary [specific use standards, Sec. 405.18/19], w/ multi-purpose building (including a childcare center) [specific use standards apply], Second Hand Stores: e.g. Thrift Stores, Antiques, Singular Use (with or without Beer, Wine and Liquor License, Arts and crafts, Automotive Parts (w/o installation), Beauty supply store, Bookstore, Convenience store, Clothing store, Department store [specific use standards, Sec. N/A 405.26], Florist, Furniture and Mattresses, Grocery store [specific use standards, Sec. N/A 405.26], Hardware/Home improvement store [specific use standards, Sec. N/A 405.26], Jewelry, Small electronics, Specialty Food Stores, Swimming pools supply store [specific use standards, Sec. 405.27], Tobacco retailer, Commuter Colleges and Universities [specific use standards, Sec. 405.24], Billboards (see Off-Premises Signs) [specific use standards, Sec. 405.13/1014], Hotels and Motels [specific use standards, Sec. 405.11.1], Live-work [specific use standards, Sec. 405.11.3], Wetland Mitigation

With special approval

Car wash or auto detailing [specific use standards, Sec. 405.10], Gas/fuel service stations [specific use standards, Sec. 405.10], Nightclub, Outdoor movie theater, Banks and Financial institutions (w/ drive through), Drugstore and Pharmacy [specific use standards, Sec. 405.15], Pain Management Clinic [specific use standards, Sec. 405.15], Plasma/Blood donation facility, Call center, w/ drive-through, Liquor or package store [specific use standards, Sec. N/A 405.4], Plant nurseries, Brewery/Winery Distillery, Conference/Assembly/Convention Centers