Miramar Village Multi-Family FOR SALE


Miramar, FL - Miramar Isles
$3,075,000 USD
954-245-3492
, Miramar, FL for Sale
$3,075,000 USD
Multi-Family - FOR SALE
1/11
null | 6.05% Cap Rate

Miramar Village
Miramar, FL
Miramar Isles


HIGHLIGHTS

  • 1973 Single-Story CBS Construction, New Roofs (2024), Units Renovated (2022)
  • 15-Units with 80% Two-Bedrooms (790sf Avg) and 40,508 Square Feet of Land
  • 6% Capitalization Rate and 9.15 Gross Rent Multiplier with Rental Upside
  • Covered Land Play w/Redevelopment Potential (TOC zoning, Upzone possible)
  • $84,909 Avg Household Income and Population of 505,195 in 5-Miles (Experian)
  • Proximate to Walmart Supercenter, Miramar Parkway, Turnpike and Home Depot

OVERVIEW

Joseph Thomas, Alec Demetriou and The Thomas-Team of Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale Miramar Village, a 15-unit, three-building apartment complex located in Miramar, Florida. Miramar Village consists of three, single-story fiveplexes located at 6032, 6036 and 6040 Southwest 25th Avenue in Miramar just west of State Road 7 (US-441). The properties were built in 1973 of concrete block and stucco, total 11,892 square-feet and encompass a combined 40,508 square-foot lot, according to the Broward County Property Appraiser and each building is comprised of five units. The unit mix consists of (3) one-bedroom | one-bathroom units with an average in-place rent of $1,550 per month and (12) two-bedroom | one-bathroom units with an average in-place rent of $1,947 per month. Residents are responsible for their own electricity, while water, sewer and trash are included in the rent. Units feature ceramic tile or vinyl wood-plank flooring, black or stainless-steel electric appliances, individual hot water heaters and wall or central air conditioning. The property also includes 23 parking spaces and on-site laundry facilities. It’s worth noting the seller installed new roofs in 2024.

ASK ABOUT THIS PROPERTY

Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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