24-Unit Apartment
6050 SW 27TH Street, Miramar, FL 33023
For Sale
New
$5,600,000
The two-story property includes assigned resident parking, shared laundry facilities, and a private pool.
Property Size21,671 SF
Lot Size0.88 Acres
Price / SF$258.41
Days on Market5
Property Features for 6050 SW 27TH Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
private pool
on-site laundry
storage
office
common bathroom
0.88 acres, County Location, 1/2 To Less Than 3/4 Acre Lot, Interior Lot, Less Than 1 Acre, West Of US 1, In Residential Area, Sidewalk
Flat Tile, Flat Roof With Facade Front
Public Sewer, Public Sanitation, Sewer
Parcel Number: 514125041330, Annual Amount: $68,207, Legal Description: MIAMI GARDENS ESTATES SEC 2 22-33 B LOT 6,7,8 BLK 11, Year: 2026, Zoning: RM4
Tile
Gross Income: $508,440, Net Operating Income: $370,340
Central Individual A/C
Central
Listing ID: B26098719, Standard Status: Active, MLS Status: Active, Property Subtype: Multi Family, On market as of 2026-11-10, Special Conditions: Sale
36 total parking spaces, Assigned, Free Parking, Guest, Limited # Of Vehicle
Built in 1978, Year Built Details: Resale, Living area: 21671, Living area units: Square Feet, 1 building, 2 stories, Levels: 2, Construction Materials: CBS Construction, Sheet Rock
Insurance: $21,600, Operating: $1,080, Trash: $6,424, Other Expense: $33,660
County/Parish: Broward County
Leasable area units: Square Feet
24 units in community
Water Connected, Electricity Available, Sewer Available, Water Available, Water Source: Public, 200+ Amp Service, Separate Meters
Telephone
Energy Efficiency: Ventilation
Frontage Type: City/County Maintained, U.S. Hwy, Road Responsibility: Public Maintained Road
West Of Us1
Smoke Alarm, Fire Alarm, Security Lights
Building Details
Year Built
Buildings
Stories
Listing Agency:
GLS Real Estate Inc
(954) 922-7408
Listed By:
Siru T Andelin · License FL #3089418
(954) 303-1397
Source:
Riserealty
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GLS Real Estate Inc
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Investment Insights
Based on property information with market context.
This two-story apartment property contains 24 units across 21,671 square feet of living area: nine two-bedroom residences and 15 one-bedroom residences. The 38,482-square-foot parcel includes a private pool and 36 parking spaces, with a space assigned to each unit. Shared laundry equipment includes two washers and two dryers. Additional features include four storage areas, an office, tool space, and a common-area bathroom.
Built in 1978, the property is fully occupied by long-term tenants and is owner-managed. A few apartments have been renovated. Existing plans illustrate the possibility of adding four units. The property is located west of 441 in Miramar.
Built in 1978, the property is fully occupied by long-term tenants and is owner-managed. A few apartments have been renovated. Existing plans illustrate the possibility of adding four units. The property is located west of 441 in Miramar.
Key Highlights
- 24 units: nine two‑bedroom apartments and 15 one‑bedroom apartments
- 21,671 square feet of living area on a 38,482‑square‑foot lot
- 36 parking spaces, including assigned spaces for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$223,137
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,462,740
$4.5M
Cap Rate 7%
$3,187,671
$3.2M
Cap Rate 9%
$2,479,300
$2.5M
Market Conditions
NOI Build-Up for 21,671 SF
Gross rent
$418.7K $19.32/SF
− Vacancy
−$13.0K −$0.60/SF
EGI
$405.7K $18.72/SF
− OpEx
−$182.6K −$8.42/SF
NOI
$223.1K $10.30/SF
Area
Miramar, FL
Vacancy
3.10%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,462,740
Cap Rate 7%
$3,187,671
Cap Rate 9%
$2,479,300
Alternative Uses
Best Use
Apartment 5plus
$3.19M
$2.79M – $3.72M
NOI $223,137 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.09M
$8.82M – $11.77M
NOI $705,955 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
24
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,954
Businesses Nearby
Explore this area
Business Placement
Demographics for 33023, FL
66,749
Population
22,450
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
7,585
Density / Sq Mi
$70,003
Median Household Income
$35,093
Median Earnings
$1,621
Median Rent
$344,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Broward County, FL
Properties on Market for Apartment buildings in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The two-story property includes assigned resident parking, shared laundry facilities, and a private pool.
Where is this apartment building located?
The property is located at 6050 SW 27TH Street Miramar, FL.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: 24 units: nine two‑bedroom apartments and 15 one‑bedroom apartments; 21,671 square feet of living area on a 38,482‑square‑foot lot; 36 parking spaces, including assigned spaces for each unit
