Active
quadruplex
SALE
205 Nw 159th Street, Miami, Florida 33169
Miami, FL 33169
$2,190,000
6,756 sqft
Property Details
MLS#
A12045641
Type
Quadruplex
Square Footage
6,756
Year Built
2024
Tax Amount
$17,674
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.
Amenities
2 Stories
Built 2024
Cooling: Zoned
Heating: Electric, Separate Meters
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Property Location
Listing Office:
Fausto Commercial Realty Consultants Inc
Listing Agent:
Benjamin Kunzle
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