$749,000138 days on marketActive

1220-1222 NE 110th Terrace, Miami, FL 33161

Miami, FL 33161

2,090

Sq Ft

$358

$/Sq Ft

1954

Year Built

Listing Snapshot

List Price	$749,000
Price / Sq Ft	$358
Beds	0
Baths	0
Living Area	2,090 sqft

Year Built	1954
Property Tax	$8,212/yr
MLS #	1152986861
Status	Active
Days on Market	138

About This Home

Rare opportunity to own a fully legal 3-unit triplex in a highly desirable Miami location near Biscayne Blvd, offered at $749,000 — approximately $250K per unit. This income-producing property features two 2/1 units and one fully renovated efficiency. One 2/1 is currently vacant and was previously renting for $1,850/month until September 2025 and is now leased at $1,850. The second 2/1 is rented month-to-month at $1,750/month, and the renovated efficiency is leased at $1,395/month through August 31, 2026 with option to renew. The property is cash flowing from day one with strong in-place income and additional upside potential. If the two 2/1 units are renovated, there is a clear opportunity to further increase rents and maximize returns, making this an attractive value-add investment. Expenses are estimated at approximately $8,000 per year. All units are separately metered with tenants paying their own electricity. Water is included up to $75 per month, with any overage split among tenants. Prime central location surrounded by shopping centers, restaurants, businesses, and just minutes to Downtown Miami, beaches, and major highways, offering strong rental demand and long-term appreciation potential.