1429 NE 118th Terrace, Miami, FL 33161

$749,000
1,820
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$749,000
Days on Market
27
MLS#
A12053910
Year Built
1971
Living Area
1,820
MLS Area Major
2220

Property Description

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.

Additional Information

Taxes
$9,094
Utilities
Cable Not Available, Sewer Available
Heating
Central, Electric, Separate Meters
Air Conditioning
Electric
Exterior Construction
Block
Roof
Shingle
Elementary School
David Lawrence Jr. K-8
Middle School
North Miami
High School
Alonzo and Tracy Mourning

Listing courtesy of Casanova International Realty.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks