205 NW 159th St, Miami FL 33169

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 an 8.56% cap: convert the oversized garage into a permitted fifth unit and 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.

This quadruplex home located at 205 NW 159th St, Miami FL 33169 is currently for sale and has been available on Brickellsold for 3 days. This property is listed at $2M. It has N/A beds, N/A bathrooms, and is 6756 square feet. It was built in 2024. 205 NW 159th St, Miami FL 33169 is in Miami county Miami-Dade County.