Bisc Gardens Sec B

Highlights:

• Lot Features: 1/4 To Less Than 1/2 Acre Lot, Corner Lot
• Documents Available: Other Available Information, Rent Rolls
• Architectural Style: Attached
• Cooling: Zoned
• Heating: Electric
• Flooring: Tile, Wood
• Construction Materials: Concrete Block Construction

Description:

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.

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Listing ID: A12045641