$2,100,000

60 NW 161st St, Miami, FL 33169

5,973 sqft

Multi-Family Home
Built in 1968
0.43acre lot
—— car garage
$352/sqft
Listed 4 months ago

Property 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% highly subsidized tenancy delivers 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. Asking price reflects $262,500/door and a pro-forma cap of 7.82% with a pro-forma operating income of $164,160.

Listing Status:: Active
Date Added:: December 3, 2025
Data Last Updated:: April 6, 2026 at 3:07AM
Listing Office:: The Alpha Commercial Advisors LLC : 305-697-7011
Listing Agent:: Jamie Maniscalco : 201-264-0113
MLS ID:: A11924971

Originating MLS: Miami Association of REALTORS®
County: Miami-Dade County

Zoning: 5100BISC GDNS SEC C PB 40-54 TRACT 609 PER UNITY OF TITLE TO DADE COUNTY DATED 9-26-69 LOT SIZE 132.000 X 141 OR 14805-222 1190 4 COC 24728-473130-21-13-002-0410

Source: Miami Association of REALTORS®

This listing courtesy of Jamie Maniscalco , The Alpha Commercial Advisors LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Biscayne Gardens Elementary School

560 NW 151st St, Miami, FL, 33169

Grades PK-5

0.81 miles away

Thomas Jefferson Middle School

525 NW 147th St, Miami, FL, 33168

Grades 6-8

0.95 miles away

Acceleration Academies Llc

1001 N Miami Beach Blvd, North Miami Beach, FL, 33162

Grades 8-12

1.39 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.