1429 NE 118th Terrace, Miami, FL 33161

Listing Snapshot

About This Home

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.

General Features

Property Type

ResidentialIncome

Sub-type

Duplex

Stories

1

Parking Spaces

6

Zoning

5700

Utilities

CableNotAvailable,SewerAvailable

Subdivision

BISCAYNE COURT

Interior Features

Flooring

Tile

Heating

Central,Electric,SeparateMeters

Cooling

Electric

Exterior Features

Construction

Block

Roof

Shingle

Pool

No

Waterfront

No

Community Features

MLS Area

2220

Schools

Map

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