$720,000

Price reduced

1429 NE 118th Ter, Miami FL 33161

1,820 sq ftBuilt 1971MLS# A12053910

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About this property

Turnkey Income-Producing Duplex! Don’t miss this exceptional investment opportunity in the growing Biscayne Court area of Miami. This well-kept duplex consists of two spacious 2-bedroom, 2-bath residences, each featuring central air conditioning, tile floors, in-unit washer and dryer, separate electric meters, and private entrances. Currently fully leased with stable rental income of $4,400 per month ($2,250 and $2,150), offering immediate cash flow from day one. The property is ideally situated just off Biscayne Boulevard near Whole Foods, shopping centers, restaurants, universities, parks, and major commuter routes, making it highly desirable to tenants. Its central location provides convenient access to Downtown Miami, Miami Shores, North Miami, Aventura, and beautiful beaches. Whether you’re a seasoned investor completing a 1031 exchange or a buyer seeking to offset your mortgage by occupying one unit while renting the other, this duplex represents an outstanding opportunity in a high-demand rental market with strong long-term appreciation potential.

Property details

Property type
Multi-family
Year built
1971
Living area
1,820 sq ft
Price per sq ft
$396
Property taxes
$9,094/yr
Parking
6 spaces
Building / community
Biscayne Court
Status
Price reduced
MLS #
A12053910

Listing courtesy of Casanova International Realty.

Location

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