205 Nw 159th St, Miami, FL 33169
- $2,190,000
- 6,756
- SqFt
- List Price
- $2,190,000
- MLS#
- A12045641
- Sq. Ft
- 6,756
- Subtype
- Quadruplex
- County
- Miami-Dade
- Community
- Bisc Gardens Sec B
- Subdivision
- Bisc Gardens Sec B
- Year Built
- 2024
Property Description
Turnkey 2024-built fourplex in Biscayne Gardens, 100% leased to Section 8 tenants. Four spacious 4-bed/3-bath units on two floors, 6,756 SF on a 16,489 SF corner lot. Concrete-block, hurricane-resistant build with builder warranty in place; each unit separately metered, so tenants pay their own utilities. Steady, government-backed income of $180,888/year ($15,074/month) for a 7.13% cap at the $2,190,000 price. Built-in upside to a 7.49% cap: raise two units to the Section 8 rents the other two already collect. Minutes to I-95, the Florida Turnpike, Aventura, and Hard Rock Stadium, in a high-demand corridor with a voucher waitlist of 50,000+ households. Brand-new construction, immediate cash flow, and clear value-add. Excellent 1031 or core-plus buy.
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Additional Information
- Status Label
- ACTIVE
- Total Unitsin Complex
- 4
- Construction
- Concrete Block Construction
- Cooling
- Zoned
- Flooring
- Tile, Wood
- Heating
- Electric
- Lot Description
- 1/4 To Less Than 1/2 Acre Lot, Corner Lot
- Roof
- Shingle
- Special Information
- Substantially Remodeled
- Taxes
- $17,674
- Total Floors
- 2
- Stories
- 2
- Roofing
- Shingle
- Price Per Sqft
- $324
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Listing Courtesy Of Fausto Commercial Realty Consultants Inc, Contact: