205 159th St ,Attached, Quadruplex, Bisc Gardens Sec B for Sale

205 159th St for Sale

Price $2,190,000.00

• Lot size 6756
• Year Build 2024
• Waterfront
• Zip 33169
• Style Attached
• Parking Description
• Pool Yes
• Status Active

Description

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 an 8.56% cap: convert the oversized garage into a permitted fifth unit and 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.

BISCAYNE GARDENS SEC B PB 40-49 LOT 421 LOT SIZE 16489 SQUARE FEET OR 19796-4430 07 2001 (2)

1/4 To Less Than 1/2 Acre Lot, Corner Lot

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 an 8.56% cap: convert the oversized garage into a permitted fifth unit and 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.

City:Miami,Zoning:3700,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2025,Flooring:1:Wood,Latitude:25.920779,Cooling Y N:1,Heating Y N:1,List Price:2190000,Listing Id:A12045641,Longitude:-80.2043156,Mls Status:Active,Year Built:2024,Living Area:6756,Postal Code:33169,Street Name:159th St,Coordinates:1:25.920779,Lot Features:1:Corner Lot,Photos Count:9,Building Name:BISC GARDENS SEC B,Days On Market:2,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:21,M L S Area Major:Bisc Gardens Sec B,On Market Date:2026-06-28,Parcel Number:30-21-13-001-0250,Parking Total:8,Property Type:Residential Income,Stories Total:2,Street Number:205,M I A M I R E_ Style:Fourplex,Public Remarks: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 an 8.56% cap: convert the oversized garage into a permitted fifth unit and 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.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2026-09-25,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:6642,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:BISC GARDENS SEC B,Tax Annual Amount:17674,Total Actual Rent:180888,Unparsed Address:205 NW 159th St, Miami FL 33169,Listing Agreement:Exclusive Right To Sell,Operating Expense:24774,Year Built Details:Effective Year Built,Building Area Total:6756,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:AE,M I A M I R E_ L P Amt Sq Ft:324.1563,Original List Price:2190000,Public Survey Range:21,Documents Available:1:Rent Rolls,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Net Operating Income:156114,Number Of Units Total:4,Syndication Remarks: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 an 8.56% cap: convert the oversized garage into a permitted fifth unit and 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.,Listing Contract Date:2026-06-28,Originating System I D:miamire,Public Survey Section:13,Showing Instructions:24 Hour Notice,Appointment Only,Call Listing Agent,Street Number Numeric:205,Tax Legal Description:BISCAYNE GARDENS SEC B PB 40-49 LOT 421 LOT SIZE 16489 SQUARE FEET OR 19796-4430 07 2001 (2),M I A M I R E_ Current Price:2190000,Public Survey Township:21,M I A M I R E_ Municipal Code:30,M I A M I R E_ Total Mortgage:1125000,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Adjusted Area S F:6029,M I A M I R E_ Internet Remarks:2024-built fourplex, 100% leased to Section 8. Four 4-bed/3-bath units. 7.13% cap with built-in upside to 8.56%. New construction, low upkeep.,M I A M I R E_ Parcel Number M L X:0250,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Street View Param:1$25.920801$-80.204482$42.71$13.33$1.00$fLCUEEImzO-DmBIHnv2SoA,M I A M I R E_ Supplement Count:1,Contract Status Change Date:2026-06-28,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:4,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:1,M I A M I R E_ Agent Alternate Phone:754-204-8236,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:205 NW 159th St,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:324.16,