60 NW 161st St, Miami, FL 33169

THE ALPHA COMMERCIAL ADVISORS® PRESENTS BISCAYNE GARDENS VILLAS, A STABILIZED RENTAL COMPOUND OFFERING A LOW-MAINTENANCE INVESTMENT WITH CONSISTENT 100% OCCUPANCY & REMAINING INTERIOR VALUE-ADD UPSIDE….

Sporting a balanced unit mix of six (6) 1 BR / 1 Bath units and two (2) 2 BR / 1 Bath units as well as an evenly varied income profile from 50% Section 8 and 50% market rate tenancies, the property features full exterior and partial interior renovation primed for long-term durability with upgrades including impact glass, central A/C, tiled floors, newer 2017 roof, completed 40-year recertification, gated courtyard, and all on-site parking and laundry.

Positioned within a quiet residential pocket experiencing several brand new construction projects recently completed across the street, the property benefits from steady rental demand and reliable cash-flow from its proximity to major North Miami Beach NE 167th/NE 163rd St commercial corridor and the Golden Glades Interchange for unmatched connectivity to the entire region.

INVESTMENT HIGHLIGHTS

Attractive duplex-style layout across 4 buildings with clean central courtyard, low operational intensity and ideal for 1031 Exchange or long-term holders

Diversified unit mix features (6) 1 BR units and (2) 2 BR units, all oversized with an average of 700 Sq. Ft. for the 1 BR units and 900 Sq. Ft. for the 2 BR units

Highly financeable asset w/ stabilized in-place income, half from market tenants and half from Section 8 tenants, highly subsidized for secure “mailbox money” returns

Long-term structural durability with buildings featuring 40-Year Recertifications, new roofs as of 2017, tile floors, impact glass, and central A/C throughout

Optional value-add for the interiors of 4 of the units, with 4 units already freshly remodeled with stainless steel appliances and modern finishes

Convenient on-site parking for 8 vehicles with additional street parking nearby

Highly accessible location moments from the Golden Glades Interchange, NW 167 ST commercial corridor, and proximate to the North Miami Beach and North Miami neighborhoods