Price reduced
Photo 1 of 43$910,000
For sale6125 SW 40th Ct, Miramar FL 33023
1,898 sq ftBuilt 1964MLS# A11992504
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About this property
Turnkey 4-Unit Multifamily Investment generating $91,500 annually. Fully renovated in 2024 including a brand new roof, offering a stabilized asset with no foreseeable maintenance or capital expenditures in the near term. Property features long-term, stable tenants and strong in-place income.
Priced to sell at a 7% net cap rate, this is an ideal opportunity for investors seeking reliable cash flow with minimal operational burden. Current utilities total approximately $535/month ($315 FPL, $220 water). Property is equipped with 2 FPL meters and 1 water meter; per FPL engineering, electric can be separated into 4 individual meters, providing future flexibility if desired.
Well-maintained, low-maintenance asset in a strong rental market—perfect for buy-and-hold investors or 1031 exchange buyers seeking immediate income.
Property details
- Property type
- Multi-family
- Year built
- 1964
- Living area
- 1,898 sq ft
- Price per sq ft
- $479
- Property taxes
- $16,925/yr
- Parking
- 4 spaces
- Building / community
- Sun Land Park
- Status
- For sale
- MLS #
- A11992504
Location
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