60 NW 161ST STREET

Miami, FL 33169

LEASE

THE ALPHA COMMERCIAL ADVISORS® IS PLEASED TO PRESENT 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% Section 8 tenancy delivers highly subsidized, 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 connectivity to the entire region.

Neighborhood

Asset Type

Deal Type

Sale

Property Status

Active

Price

$ 2,155,000

Agent Contact Information

JAMIE ROSE MANISCALCO
jamie@thealphacomm.com
201-264-0113

Unit Count: 8
Bldg Area:                                                         5,973 SF
Lot Size: 18,612 SF (0.43 acres)
Zoning: RU-1
40-Year Recertification: Yes
Opportunity Zone: No
Live Local Eligible: No
Site Plan Approval: No
Seller-Financing Available: No

Jamie Rose Maniscalco

jamie@thealphacomm.com

201-264-0113

Miami, FL 33180
$ 4950000

$260,000 (5.25%)

Total Building Area:  9,830 SF
Total Lot Size: 17,650 SF (0.41 acres)

North Miami, FL 33161
$ 2000000

Land Area: 20,045 SF
Bldg Area: 3,757 SF
Zoning: R-5

Dania-Broward

LIBERTY CITY

OPA-LOCKA

Little Havana

Little River / West LITTLE RIVER

North Miami

Buena Vista/Little Haiti

El Portal/Miami Shores

Homestead

North Miami Beach/AVENTURA