Turnkey 2024-built fourplex in Biscayne Gardens, fully leased to Section 8 tenants and positioned for immediate cash flow. Located at 205 NW 159th St in Miami, this residential income property offers four spacious 4-bedroom, 3-bath units across two floors, totaling 6,756 square feet on a 16,489 square foot corner lot.

Built with concrete-block construction and hurricane-resistant design, the property includes a builder warranty for added peace of mind. Each unit is separately metered, allowing tenants to pay their own utilities and helping keep operating expenses streamlined. With estimated gross income of $180,888 per year, or $15,074 per month, the property is projected to deliver a 7.13% cap rate at the $2,190,000 asking price, with upside to a 7.49% cap rate by bringing two units up to the Section 8 rent levels already achieved by the other two.

This Miami fourplex is ideally located near I-95, the Florida Turnpike, Aventura, and Hard Rock Stadium, in a high-demand rental corridor supported by a large voucher waitlist. For investors seeking a brand-new multifamily property in Miami-Dade County, this is a strong option for 1031 exchange buyers, core-plus investors, and those looking for stable, government-backed rental income with built-in upside.