205 NW 159th St, Miami, FL 33169
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205 NW 159th St, Miami, FL 33169
205 NW 159th St, Miami, FL 33169
205 NW 159th St, Miami, FL 33169
205 NW 159th St, Miami, FL 33169
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 2,190,000
Est. payment /mo
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205 NW 159th St Miami, FL 33169

6,756 SqFt

UPDATED:

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

Style Fourplex

HOA Y/N No

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

Community Bisc Gardens Sec B

Area 21

Interior

Heating Electric

Cooling Zoned

Flooring Hardwood, Laminate, Tile, Wood

Exterior

Pool None

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

Story 2

Sewer Public Sewer

Architectural Style Fourplex

Level or Stories Two

Structure Type Block

Others

Tax ID 30-21-13-001-0250

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Fausto Commercial Realty Consultants Inc

NEARBY SCHOOLS & PROPERTIES

Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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205 NW 159th St

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