1429 NE 118th Ter, Miami, FL, 33161
1429 NE 118th Ter, Miami, FL, 33161 - Image 21429 NE 118th Ter, Miami, FL, 33161 - Image 31429 NE 118th Ter, Miami, FL, 33161 - Image 41429 NE 118th Ter, Miami, FL, 33161 - Image 5

1429 NE 118th Ter, Miami, FL, 33161

4 bedrooms · 4 baths · 1,820 sq.ft.

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.

Information

Property typeMulti Family
Size1,820 sq.ft.
Year built1971
Stories1
Price per sq.ft.USD 396
Last sold2024-11-04
Last sold priceUSD 595,000
CountyMiami-Dade
ZIP code33161
LocationMiami, United States

USD 720,000

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Where it's located

Miami, United States

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