1429 NE 118th Ter Miami FL 33161 MLS #A12053910

1429 NE 118th Ter
Miami, FL, 33161
$720,000
Beds
0 Baths
1,820 SqFt
0 Acres
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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.

Property Details

Price:
$720,000
MLS #:
A12053910
Status:
Active
Beds:
0
Baths:
0
Address:
1429 NE 118th Ter
Type:
Multi Family
Subtype:
Duplex
Subdivision:
BISCAYNE COURT
Neighborhood:
biscaynecourt
City:
Miami
Listed Date:
Jul 16, 2026
State:
FL
Finished Sq Ft:
1,820
Total Sq Ft:
1,892
ZIP:
33161
Year Built:
1971
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Schools

Interior

Cooling
Electric
Flooring
Tile
Heating
Central, Electric

Exterior

Architectural Style
Attached
Construction Materials
C B S Construction
Parking Spots
6
Roof
Shingle

Financial

Tax Year
2025
Taxes
$9,094

Map

Community

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