
$910,000
Apartment for Sale, 6125 SW 40th Ct, Miramar, Florida 33023
- MLS#A11992504
176 m² (1,898 ft²)
Listed By Lifestyle International Realty
The Apartment for Sale located at 6125 SW 40th Ct, Miramar, Florida 33023 is currently for sale.
Description
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.
Location
6125 SW 40th Ct, Miramar, Florida 33023
Property features
Property
- Property size:
176 m² (1,898 ft²)
Construction
- Year built: 1964
- Roofing: Shingle
- Construction: Cbs Construction
- Exterior: Stucco
Interior Features
- Floors: Vinyl
Heating and Cooling
- Heating System: Electric
- Cooling System: Electric
Utilities
- Other utilities: Public Sewer