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$2,190,000

Est. payment - /mo

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6,756 SqFt

New

205 NW 159th ST Miami, FL 33169

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Gemma Peterson

info@floridahomesandloans.com +1(407) 242-7758

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 6,756 sqft

Price per Sqft $324

Subdivision Bisc Gardens Sec B

MLS Listing ID A12045641

Construction Status Updated/Remodeled

HOA Y/N No

Total Fin. Sqft 6756

Year Built 2024

Annual Tax Amount $17,674

Tax Year 2025

Property Sub-Type Quadruplex

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.

Location

State FL

County Miami-dade

Area 2210

Zoning 3700

Interior

Interior Features InteriorFeatures

Heating Electric, Separate Meters

Cooling Zoned

Flooring Laminate, Tile, Wood

Fireplace No

Exterior

Utilities Available Cable Available

Roof Type Shingle

Total Parking Spaces 8

Private Pool No

Building

Lot Description Corner Lot, 1/4 to 1/2 Acre Lot

Dwelling Type Multi Family

Story 2

Sewer Public Sewer

Structure Type Block

New Construction No

Construction Status Updated/Remodeled

Schools

Elementary Schools Linda Lentin K-8

High Schools North Miami

Others

Tax ID 3021130010250

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12045641

Listed by Benjamin Kunzle Fausto Commercial Realty Consultants Inc

205 NW 159th ST Miami, FL 33169

Gemma Peterson

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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205 NW 159th ST