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, 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.
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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 $2,085,000.