1429 NE 118th TER, Miami, FL 33161
1429 NE 118th TER, Miami, FL 33161
1429 NE 118th TER, Miami, FL 33161
1429 NE 118th TER, Miami, FL 33161
1429 NE 118th TER, Miami, FL 33161
1429 NE 118th TER, Miami, FL 33161
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Spencer Bailey

Spencer Bailey

+1(507) 951-2934
$ 749,000
Est. payment | /mo

1,820 SqFt

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$ 749,000
Est. payment | /mo
Save Virtual Tour

1,820 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,820 sqft

Price per Sqft $411

Subdivision Biscayne Court

MLS Listing ID A12053910

Construction Status Resale

HOA Y/N No

Total Fin. Sqft 1820

Year Built 1971

Annual Tax Amount $9,094

Tax Year 2025

Property Sub-Type Duplex

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.

Location

State FL

County Miami-dade

Area 2220

Zoning 5700

Interior

Interior Features InteriorFeatures

Heating Central, Electric, Separate Meters

Cooling Electric

Flooring Tile

Fireplace No

Exterior

Utilities Available Cable Not Available, Sewer Available

Roof Type Shingle

Total Parking Spaces 6

Private Pool No

Building

Dwelling Type Duplex

Story 1

Structure Type Block

New Construction No

Construction Status Resale

Schools

Elementary Schools David Lawrence Jr. K-8

Middle Schools North Miami

High Schools Alonzo And Tracy Mourning

Others

Tax ID 3022320200800

Acceptable Financing Conventional, FHA, VA Loan

Listing Terms Conventional, FHA, VA Loan

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BeachesMLS, Inc. (FLR) IDX
Listed by Lazara Cruz-Casanova Casanova International Realty

Schools and Properties Nearby

Spencer Bailey

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(507) 951-2934

spencer.bailey507@gmail.com

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1429 NE 118th TER