$2,190,000
205 NW 159th St, Miami FL 33169
Miami, FL, 33169
- Year Built
- 2024
- Property Type
- Quadruplex
- Annual Taxes
- $17,674/yr
- MLS #
- A12045641
Listing courtesy of Fausto Commercial Realty Consultants Inc · 786-748-7373
Listed by Benjamin Kunzle
Last updated: Jul 2, 2026
Overview
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 a 7.49% cap: 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.
Features
Flooring
Heating
Cooling
est.$12,547/mo
Est. payment based on a $2,190,000 home price.
Estimate includes principal & interest, property tax and HOA where known — it excludes insurance, PMI, flood/wind, CDD and special assessments. For information only; actual amounts vary.
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