205 NW 159th Street Miami, FL 33169

AGENT'S REMARKS ABOUT 205 NW 159TH STREET

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.