PRESENTING BISCAYNE GARDENS VILLAS, AN 8-UNIT DUPLEX-STYLE MULTIFAMILY COMPOUND OFFERING A STABILIZED, LOW-MAINTENANCE INVESTMENT SUPPORTED BY STRONG IN-PLACE INCOME AND DURABLE BUILDING CONDITION. Sporting a balanced unit mix of six 1 BR / 1 Bath units and

60 NORTH WEST 161ST ST, Miami

$2,100,000 USD
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Address60 NORTH WEST 161ST ST, Miami
Type of PropertyIncome / MultiFamily
Type of BusinessApartments
Price$2,100,000
Previous Price$2,155,000 (9 days ago)
Property StatusActive
MLS NumberA11924971
Property Size18612
Lot Size18612
Year Built1968
Folio Number30-21-13-002-0410
Zoning Information5100
Days on Market118

Detailed Description: PRESENTING BISCAYNE GARDENS VILLAS, AN 8-UNIT DUPLEX-STYLE MULTIFAMILY COMPOUND OFFERING A STABILIZED, LOW-MAINTENANCE INVESTMENT SUPPORTED BY STRONG IN-PLACE INCOME AND DURABLE BUILDING CONDITION. Sporting a balanced unit mix of six 1 BR / 1 Bath units and two 2 BR / 1 Bath units, half of the units feature full interior renovations and the rest are primed for optional light-value-add upgrades, providing both immediate stability and clear operational upside. Full property renovation and long-term durability includes pristine grounds, impact glass, central A / C, tiled floors, new roof as of 2017, and completed 40-year recertification, while 50% highly subsidized tenancy delivers reliable cash flow. Positioned within a quiet residential pocket experiencing new construction activity within a block, the property benefits from steady demand and its proximity to the major North Miami Beach NE 167th / NE 163rd ST commercial corridor and the Golden Glades Interchange for unmatched connectiv

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Address Information
StateFlorida
CityMiami
CountyMiami-Dade County
Zip Code33169
Address60 NORTH WEST 161ST ST
Section13
Zip Code (4 Digits)6514
Financial Information
Price$2,100,000
Price per Foot$0
Previous Price$2,155,000
Folio Number30-21-13-002-0410
Tax Amount$23,162
Full Descriptions
Detailed DescriptionPRESENTING BISCAYNE GARDENS VILLAS, AN 8-UNIT DUPLEX-STYLE MULTIFAMILY COMPOUND OFFERING A STABILIZED, LOW-MAINTENANCE INVESTMENT SUPPORTED BY STRONG IN-PLACE INCOME AND DURABLE BUILDING CONDITION. Sporting a balanced unit mix of six 1 BR / 1 Bath units and two 2 BR / 1 Bath units, half of the units feature full interior renovations and the rest are primed for optional light-value-add upgrades, providing both immediate stability and clear operational upside. Full property renovation and long-term durability includes pristine grounds, impact glass, central A / C, tiled floors, new roof as of 2017, and completed 40-year recertification, while 50% highly subsidized tenancy delivers reliable cash flow. Positioned within a quiet residential pocket experiencing new construction activity within a block, the property benefits from steady demand and its proximity to the major North Miami Beach NE 167th / NE 163rd ST commercial corridor and the Golden Glades Interchange for unmatched connectiv
Property parameters
Living Area18612
Lot Size18612
Total Acreage0.000
Zoning Information5100
Maximum Leasable Size18612
Year Built1968
Type of PropertyIncome / MultiFamily
Type of BusinessApartments
Street DirectionNorth West
Listed withThe Alpha Commercial Advisors LLC