$720,000
 $3,865 est/mo Sourced by Back At You

1429 NE 118th Terrace,Miami, FL 33161

Miami, FL 33161

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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.

Details

MLS #A12053910
Listing TypeFor Sale
StyleDuplex
Sub-TypeResale
StatusActive
Year1971
Days On Site108
Listing Provided ByCasanova International Realty | Lazara Cruz-Casanova

Features

SQ Feet1,820
Story(s)1
Units2
Zoning5700

Taxes

Tax Annual Amount9094

Area Information

StateFL
CountyMiami Dade
CityMiami
Zip Code33161
Area2220
Community NameBISCAYNE COURT
Listing VS Median (in BISCAYNE COURT)
Price:
$720,000
low | high
Med:
$2,125
100% of Average
sqft:
1,820
low | high
Med:
850
100% of Average
$ / sqft:
$396
low | high
Med:
$3
100% of Average
On site:
108
low | high
Med:
109.5
98.630136986301% of Average
Sourced by Back At You

Market Activity 33161

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Contact

Learn More About This Property

Susan Oyer

Susan Oyer

Coldwell Banker Premium Realty

SL3501661SRES (561) 736-1251susanoyercbpr@gmail.com
StateFL
CountyMiami Dade
CityMiami
Zip Code33161
Area2220
Community NameBISCAYNE COURT
Listing VS Median (in BISCAYNE COURT)
Price:
$720,000
low | high
Med:
$2,125
100% of Average
sqft:
1,820
low | high
Med:
850
100% of Average
$ / sqft:
$396
low | high
Med:
$3
100% of Average
On site:
108
low | high
Med:
109.5
98.630136986301% of Average
Sourced by Back At You
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Price: $540K - $900K
sqft: 1,000 - 2,000
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Listing Updated: October 31, 2026 at 8:57:48 AM PDT
Susan Oyer
SRES
License #: SL3501661
(561) 736-1251
Coldwell Banker Premium Realty
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Susan Oyer - Coldwell Banker Premium Realty