Listed by Fausto Commercial
$2,190,000
BISC GARDENS SEC B
Details
APN 30-21-13-001-0250
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 6,756
Units 4
NOI $156,114
Year Built 2024
Stories 2
Zoning 3700
Parking Spaces 8 spaces
Parking per 1,000 SqFt 1.18
Multifamily | 4 Units
Marketing 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.
Listing Contacts
Listed by Fausto Commercial
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$156,114.00
$13,009.50/mo
Valuation Metrics
0
DSCR
7.13%
Cap Rate
7.13%
ROI
Map
Zoning
RU-3M ResidentialMulti FamilyMinimum Apartment House
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View all 25 uses Last updated May 13, 2026 For deeper zoning details, reports are available at Zoneomics
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