Lina Delis - Natuzza's Team
205 NW 159th Street, Miami, FL, 33169
2024
6,756 sqft
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.
Status:
Active
Type:
Multi-family
Units:
4
Zoning:
3700
Subdivision:
BISC GARDENS SEC B
Heating:
Electric, Separate Meters
Cooling:
Zoned
Levels:
2
Lot Size:
16489
Est. Taxes:
$17,674
Construction
Block
Utilities
Cable Available
Lot Description:
Corner Lot
Elementary School:
Linda Lentin K-8
High School:
North Miami
Days on Market:
4
MLS #:
A12045641
Community Info
School Info
Walk Score
Yelp
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