$1,298,000

For sale

265 NE 116th St, Miami FL 33161

2,860 sq ftBuilt 1951MLS# A12095976

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About this property

Income producing duplex + Cottage on a rare 12,750 SF lot (75' x 170') in a high-demand rental pocket between Biscayne Park and Miami Shores, on a block transforming with new construction. Fully occupied with strong consistent rental history - Income details in the broker remarks.The fully renovated front duplex offers two turnkey 2-bed/1-bath units, (~900 SF each) with new kitchens, new bathrooms, and in-unit laundry. A detached permitted rear structure adds exceptional flexibility -garage, studio, gym, office or guest space- l plus additional income potential. 6 parking spaces, concrete block construction (1951) and a deep backyard with mature trees creating a private, compound-style setting. Significant land value with redevelopment upside given lot size and neighborhood trajectory. Ideal for investors, multigenerational buyers and builders - live in one unit, rent the others, and hold for land. Turnkey income from day one.

Property details

Property type
Multi-family
Year built
1951
Living area
2,860 sq ft
Price per sq ft
$454
Property taxes
$14,669/yr
Parking
6 spaces
Building / community
Tresulee
Status
For sale
MLS #
A12095976

Listing courtesy of Avanti Way Realty LLC.

Location

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