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60 NW 161st St, Miami, FL 33169

$2,085,000 Beds Baths

Miami, FL 33169

Status
Active
Type
Income/MultiFamily
Year Built
1968
Days on Market
266
Lot Size
18,612 sqft
MLS #
A11924971

About This Home

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.

Building & Association

Association
No

Lot & Construction

Lot Size Square Feet
18,612
Waterfront
No
View
No
New Construction
No

Public Records

Parcel Number
30-21-13-002-0410
Tax Annual Amount
$23,162
Zoning
5100
County Or Parish
Miami-Dade County

Location

Courtesy of The Alpha Commercial Advisors LLC

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