Miami, FL 33169

Property

Ownership: For Sale
Type: Unknown
Pets: No Pets Allowed

Financials

Price:$2,155,000
Annual Taxes:$23,162
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of The Alpha Commercial Advisors LLC

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.

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% 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.

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.