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205 NW 159th St
Miami, FL 33169 Biscayne Gardens East

$2,190,000 USD

Multifamily For Sale  •  6,756 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 6,756 SF
  • Lot Size 0.38 AC
  • Year Built 2024
  • Zoning RU-3M
20 Transit Score
50 Walk Score

Highlights

Minutes from I-95, the Florida Turnpike, Aventura, and Hard Rock Stadium
6,756 SF building on a 16,489 SF corner lot with four 4-bed/3-bath units
100% leased to Section 8; rent paid directly by the housing authority
$180,888 in actual annual income at a 7.13% cap rate in place
Clear path to an 7.49% cap: raise two rents to approved levels
2024 concrete-block build, hurricane-resistant, with builder warranty still in place

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Golden Glades (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 3 min - 1.5 mi
Opa-Locka (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 9 min - 4.4 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 19 min - 12.7 mi
Miami International 30 min - 16.1 mi
Robin Perez 786-261-5393 Fausto Commercial Realty Consultants
Robin Perez 786-261-5393 Fausto Commercial Realty Consultants