Basics
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- Bathrooms: 0
- Lot size: 18612, 18612 sq ft
- Year built: 1968
- County: Miami-Dade
- MLS ID: A11924971
Description
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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
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for unmatched connectivity to the entire region.
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
This Multifamily-type commercial real estate is located in 60, 161st St, Miami, FL, 33169 was built in 1968, and is listed at $2,155,000.