60 NW 161st Street, Miami, FL 33169

Listing Snapshot

Price

$2,085,000

Days on Site

183 Days

Bedrooms

0

Total Baths

0

Total Sq Ft

5,973 sqft

Lot Size

0.43 Acres

Year Built

1968

Property Type

Commercial

MLS #

A11924971

Property Tax

$23,162

County

Miami Dade

Status

Active

About This Property

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.

General Features

Property Type

Commercial

Status

Active

Year Built

1968

Lot Size (Acres)

0.43

Total Sq Ft

5,973

Zoning

5100

Community & HOA

MLS Area

2210