205 NW 159th Street, Miami, FL 33169
- $2,190,000
- 6,756
- SqFt
- List Price
- $2,190,000
- MLS#
- A12045641
- Sq. Ft
- 6,756
- Lot Dimensions
- 16489
- Subtype
- Quadruplex
- County
- Miami-Dade
- Subdivision
- Bisc Gardens Sec B
- Region
- 2210
- 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.
/u.realgeeks.media/paradiserealtyfla/A_Veteran-Owned_Company.png)
Additional Information
- Heating
- Electric, Separate Meters
- Cooling
- Zoned
- Roof
- Shingle
- Sewer
- Public Sewer
- Parking Spaces
- 8
- Flooring
- Laminate, Tile, Wood
- Construction
- Block
- Living Area
- 6,756
- Elementary School
- Linda Lentin K-8
- High School
- North Miami
Listing courtesy of Fausto Commercial Realty Consultants Inc. Contact: