Active
multifamily
SALE
60 Nw 161st Street, Miami, Florida 33169
Miami, FL 33169
$2,085,000
Property Details
MLS#
A11924971
Type
Multifamily
Year Built
1968
Tax Amount
$23,162
Property Description
PRESENTING BISCAYNE GARDENS VILLAS, A STABILIZED RENTAL COMPOUND OFFERING A LOW-MAINTENANCE INVESTMENT WITH CONSISTENT 100% OCCUPANCY & REMAINING INTERIOR VALUE-ADD UPSIDE….Sporting a balanced unit mix of six (6) 1 BR / 1 Bath units and two (2) 2 BR / 1 Bath units as well as an evenly varied income profile from 50% Section 8 and 50% market rate tenancies, the property features full exterior and partial interior renovation primed for long-term durability with upgrades including impact glass, central A/C, tiled floors, newer 2017 roof, completed 40-year recertification, gated courtyard, and all on-site parking and laundry.Positioned within a quiet residential pocket experiencing several brand new construction projects recently completed across the street, the property benefits from steady rental demand and reliable cash-flow from its proximity to major North Miami Beach NE 167th/NE 163rd St commercial corridor and the Golden Glades Interchange for unmatched connectivity to the entire region.
Amenities
Built 1968
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30 Year Fixed, 6.59% Interest
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Property Location
Listing Office:
The Alpha Commercial Advisors LLC
Listing Agent:
Jamie Maniscalco
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