Commercial Real Estate

CommercialSaleMultifamilyFLMiami60, 161st St, Miami, FL, 33169

Basics

  • Category:
  • Type:
  • Status:
  • Bathrooms: 0
  • Lot size: 18612, 18612 sq ft
  • Year built: 1968
  • County: Miami-Dade
  • MLS ID: A11924971

Description

  • Description:

    BISC GDNS SEC C PB 40-54 TRACT 609 PER UNITY OF TITLE TO DADE COUNTY DATED 9-26-69 LOT SIZE 132.000 X 141 OR 14805-222 1190 4 COC 24728-4731 PRESENTING BISCAYNE GARDENS VILLAS, AN 8-UNIT DUPLEX-STYLE MULTIFAMILY COMPOUND OFFERING A STABILIZED, LOW-MAINTENANCE INVESTMENT SUPPORTED BY STRONG IN-PLACE INCOME AND DURABLE BUILDING CONDITION.

    Sporting a balanced unit mix of six 1 BR / 1 Bath units and two 2 BR / 1 Bath units, half of the units feature full interior renovations and the rest are primed for optional light-value-add upgrades, providing both immediate stability and clear operational upside.

    Full property renovation and long-term durability includes pristine grounds, impact glass, central A/C, tiled floors, new roof as of 2017, and completed 40-year recertification, while 50% Section 8 tenancy delivers highly subsidized, reliable cash flow. Positioned within a quiet residential pocket experiencing new construction activity within a block, the property benefits from steady demand and its proximity to the major North Miami Beach NE 167th/NE 163rd ST commercial corridor and the Golden Glades Interchange
    for unmatched connectivity to the entire region.

    Show all description

Building Details

  • Structure Type: Apartment
  • Covered Spaces: 0

Expenses, Fees & Taxes

  • Tax Annual Amount: $23,162

Miscellaneous

  • List Office Name: The Alpha Commercial Advisors LLC

Ask our real estate expert about this property

Phone
By clicking the «REQUEST INFO» button you agree to the Terms of Use and Privacy Policy

This -type commercial real estate is located in 60, 161st St, Miami, FL, 33169 was built in 1968, and is listed at $2,155,000.

Share this property

Copy

Or share with

Reset password

Enter your email address and we will send you a link to change your password.