Property photo 1 Property photo 2 Property photo 3 Property photo 4 Property photo 5 Property photo 6 Property photo 7 Property photo 8 Property photo 9
/ 9

$2,190,000

205 NW 159th St, Miami FL 33169

Miami, FL 33169

High Pines

0

Bedrooms

0

Bathrooms

6,756

Sq Ft

2024

Year Built

About This Property

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.

Property Details

Property Type Residential Income
Status Active
Days on Market 4
MLS # d5e6e2650168107baf024f83142cd8ae