Biscayne Gardens Villas 60-74 NW 161st St Immeuble residentiel 8 lots 1 855 385 € (231 923 €/Lot) Taux de capitalisation 5,02 % Miami, FL 33169

Marcus & Millichap, as exclusive listing agent is excited to bring to market Biscayne Gardens Villas an eight-unit apartment
building located in Unincorporated Miami-Dade County, Florida which is in the northeast portion of the county commonly
referred to as Biscayne Gardens. The property is comprised of four one-story duplexes. The building was constructed in 1968
of concrete block with painted stucco and sits on a .43-acre site. There is a very desirable unit mix of six one-bedrooms, and
two two-bedroom and one-bathroom units. Each unit has central heating and air-conditioning, and walk-in closets. Property
amenities include an on-site laundry facility, and off-street parking. Five of the eight units have been fully renovated with newer kitchens and bathrooms. Water, sewer, and trash removal are included in the rent, while residents pay for electricity.
Biscayne Gardens Villas is situated between North Miami and North Miami Beach in Biscayne Gardens. North Miami is
home to several universities including Florida International University’s Biscayne Bay campus and Barry University which is
several miles southwest of the subject. Jackson North Medical Center is also located about one mile north of the subject
property which is a 382-bed full-service hospital. Memorial Highway Apartments fronts on Memorial Highway and sits about
a mile south of North Miami Beach Boulevard (NE 167th Street) in the Biscayne Gardens neighborhood. Memorial Highway
is a two-lane road that starts in North Miami near NE 125th Street and runs north. It becomes NW 2nd Avenue and runs onto
Interstate 95 just north of North Miami Beach Boulevard. North Miami Beach Boulevard is a major east/west thoroughfare
from Interstate-95 to Sunny Isles Beach lined with commercial uses including retail, office, and hospitality. The property sits
just southeast of the Golden Glades Interchange which provides access to anywhere in South Florida. The neighborhood is
made up of single-family homes on large lots with some multifamily buildings.