60 NW 161st St, Miami FL 33169
Miami, FL 33169
$1,995,000
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- Price
- $1,995,000
- Building size
- 5,973
- Property type
- Income/MultiFamily
- Year built
- 1968
- Lot size (sq ft)
- 18,612
- MLS number
- A11924971
This listing is courtesy of The Alpha Commercial Advisors LLC, 305-697-7011.
About this property
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.
Details
- Property type
- Income/MultiFamily
- Year built
- 1968
- Lot size (sq ft)
- 18,612
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC