Miramar Village

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.

SUBJECT PROPERTY

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.

LOCATION

Miramar Village is situated on the south side of Southwest 25th Avenue just west of State Road 7 (US-441) and two blocks north of Miramar Parkway.  The location provides easy access to major thoroughfares such as State Road 7 (US-441) and Florida’s Turnpike. The surrounding neighborhood consists primarily of single-family homes and multifamily properties with an average household income of $84,909 within a five mile radius, according to Experian.

Nearby points of interest include Dunkin’ (0.5 miles), West Park City Hall (0.6 miles), Home Depot & Walgreens Pharmacy (0.7 miles), Bank of America (1.1 miles), Wells Fargo Bank (1.2 miles), Aldi (1.2 miles), Burlington Coat Factory (1.3 miles), West Hollywood Shopping Plaza (1.4 miles) and Walmart Supercenter (1.6 miles).  Additionally, a short drive from the property is Memorial Regional Hospital South (3.2 miles), Hard Rock Hotel & Casino (4.4 miles), Joe DiMaggio Children’s Hospital (4.5 miles) and Fort Lauderdale/Hollywood International Airport (12.1 miles).

Nearby educational centers include Miramar Elementary School (1.1 miles), Annabel C. Perry Elementary School (1.8 miles), West Park High School (1.8 miles), Andover Middle School (2.1 miles) and Miramar High School (4.4 miles).

SUMMARY

Miramar Village is offered for sale at $3,075,000 or $205,000 per unit and a 6% capitalization rate.