Commercial Sale · Income/MultiFamily
60 NW 161st St, Miami FL 33169, MIAMI, FL, 33169
Active255 days on marketListed Dec 3, 2025MLS #A11924971
About this property
The property at a glance
PRESENTING 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.
5,973
Building sq ft
$349
Price / sq ft
18,612
Lot sq ft
1968
Year built
5100
Zoning
Income/MultiFamily
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$11,466/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Iain to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
42,308
Population
$59,686
Median income
34.9
Median age
3.07
Avg household
$352,800
Median home value
$1,536/mo
Median rent
5,525
Households w/ kids
Recent sales
What actually sold near 60 NW 161st St
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$440,000
1090 NW 112th Ter, Miami FL 33168
Sold Jun 9, 2025
$1,000,000
11402 NE 8th Ct, Biscayne Park FL 33161
Sold Dec 19, 2024
$715,000
780 NE 127th St, North Miami FL 33161
Sold Jan 7, 2026
Your team
The pros in your corner
Your agent
Iain Robinson
Broker Associate · CENTURY 21 Edge
Tours, offers, and every question about 60 NW 161st St — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 60 NW 161st St.
See it in person
Schedule a tour
Live availability from Iain's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of The Alpha Commercial Advisors LLC · Jamie Maniscalco. MLS #A11924971.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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